Trump wanted interest rate cuts to be 'Rocket Fuel' for the economy. He is losing that fight so far - apnews.com
business 2026/08/01 04:00:00

Trump wanted interest rate cuts to be 'Rocket Fuel' for the economy. He is losing that fight so far - apnews.com

Source:Associated Press
Author:Josh Boak

President Donald Trump has for months pressured the Federal Reserve to slash interest rates, claiming it would be “Rocket Fuel!” for growth. But he seems to be losing his battle. Since the war in Iran began, borrowing money has become more expensive, meaning …