The Fed's Independence Under Siege President Trump has once again weighed in on interest rates, urging the Federal Reserve to lower them rather than raise them as expected by investors ahead of its September monetary policy meeting.
This is not a surprise, given Trump's long standing criticism of high interest rates and his claim that keeping them low would give the US an economic advantage over other countries.
However, this latest intervention comes at a critical time: just weeks before the November midterm elections, when voters are already feeling pinched by high prices and elevated borrowing costs.