The Bureau of Labor Statistics on Tuesday released June inflation data, showing prices increased from the prior month. Hours later, President Trump called on the Fed to lower rates.

When a reporter asked if the expensive renovation was a fireable offense, Trump replied, “I think it sort of is."

Trump denies plans to fire Fed Chair Jerome Powell, despite past tensions and market uncertainty over monetary policy

Trump claimed that it was former President Joe Biden who appointed Powell to be head of the Federal Reserve. However, Powell was initially appointed to the role by Trump during his first term in 2018 and was reappointed by Biden in 2022.

In a resurfaced clip from 2017, President Donald Trump sang the praises of Federal Reserve Chair Jerome Powell when he first nominated him. The post Clip of Trump Praising Fed Chair Powell’s ‘Good Judgement’ Goes Viral Amid President’s Vicious Attacks first appeared on Mediaite.

U.S. President Donald Trump says the Federal Reserve should set its benchmark interest rate at 1% to lower government borrowing costs, allowing the administration to finance the high and rising deficits expected from his spending and tax-cut bill,

Trump recently summed up his approach when talking to reporters about trade talks with other countries. "They don't set the deal," he said. "I set the deal."

Trump has been highly critical of Jerome Powell this year, pressuring him to cut rates. The Fed Chair has said he's awaiting further clarity on inflation.