Trump’s attacks on Fed Chair Jerome Powell and calls to cut interest rates could backfire, economists say

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Trump’s attacks on Fed Chair Jerome Powell and calls to cut interest rates could backfire, economists say - Fortune

Quick Summary:

President Donald Trump is badgering the Federal Reserve to cut interest rates, but it wouldn't necessarily lead to lower borrowing costs for consumers.

The Fed typically reduces its rate during an economic downturn to encourage more borrowing and spending, and raises it to cool the economy and fight inflation when prices rise.

A range of factors can affect longer-term Treasury rates, including expectations for future growth and inflation, as well as the supply and demand for government bonds.