Trump urges Fed to cut interest rates, says 'they are so afraid of inflation'
- Posted on August 20, 2026
- By Business News Today
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- 1 min read
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Trump urges Fed to cut interest rates, says 'they are so afraid of inflation'
US President Trump wants the Federal Reserve to lower interest rates soon. He believes the central bank fears inflation and should not raise rates. Policymakers discussed higher rates unless inflation shows more progress. US inflation remains above the Fed's target, despite recent positive data. The economy grew at 1.5% year-on-year in the second quarter.
