President Donald Trump called for lower interest rates to go “hand in hand” with new tariffs he’s planning on imports, teasing a possible conflict with Federal Reserve Chair Jerome Powell, who is in no rush to cut borrowing costs as inflation fears grow. Trump has also cast blame on Powell for the U.S.’ inflation woes in recent weeks. During his first term, Trump criticized the Fed chair repeatedly over monetary policy — at various turns labeling Powell and his fellow board members “loco” and “boneheads” for not slashing rates quickly enough. Market participants were already scaling back bets that the Fed might lower rates at its next meeting in mid-March. The effects of Trump’s tariff policies are widely expected to cause prices to climb and, after the latest inflation report. Is call likely to hit the US economy hard due to political interferences ?
