Trump's Rate Cut Rhetoric: A Collision Course with Economic Reality The Federal Reserve's upcoming interest rate decision has set off alarm bells in Washington.
President Donald Trump's increasingly vocal demands for a rate cut have put the Fed's independence to the test, raising questions about its ability to operate free from political pressure.
For years, Trump criticized his predecessor, Jerome Powell, over interest rates, but since Kevin Warsh took the reins as new Fed chief, he has been relatively quiet. That silence didn't last long, however.