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Trump says inflation data means Fed should cut interest rates

Trump says inflation data means Fed should cut interest rates

101 finance101 finance2026/01/13 14:51
By:101 finance

WASHINGTON, Jan 13 (Reuters) - President Donald ​Trump welcomed inflation ‌figures released on Tuesday, ‌using the U.S. consumer price data to reiterate his ⁠push ‌for Federal Reserve chair Jerome ‍Powell to cut interest rates "meaningfully."

U.S. data showed ​consumer prices increased ‌in December as the distortions related to the government shutdown that had ⁠artificially lowered ​inflation in ​November unwound, cementing expectations that the ‍Fed ⁠would leave interest rates unchanged this ⁠month.

(Reporting by Susan ‌Heavey; Editing by ‌Doina Chiacu)

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