Despite Trump's pressure, high gas prices may keep Fed from cutting interest rates
High gas prices are contributing to rising inflation, which may influence the Federal Reserve's decision on interest rates. Despite President Trump's calls for a rate cut, the Fed is likely to remain cautious due to these economic pressures. This situation marks the highest inflation level seen in nearly three years.
- ▪Gas prices have pushed inflation to its highest level in almost three years.
- ▪The Federal Reserve may be cautious about cutting interest rates due to rising inflation.
- ▪President Trump is pressuring the Fed to cut interest rates.
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Economy Despite Trump's pressure, high gas prices may keep Fed from cutting interest rates May 29, 20264:46 AM ET Heard on Morning Edition By Scott Horsley , Steve Inskeep Despite Trump's pressure, high gas prices may keep Fed from cutting interest rates Audio will be available later today. Gas prices pushed inflation to its highest level in almost three years. That's likely to make the Federal Reserve cautious about cutting interest rates, regardless of pressure from President Trump. Sponsor Message Facebook Flipboard Email
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