Trump used the numbers to reiterate his pressure on Federal Reserve Chair Jerome Powell to lower interest rates ‘significantly’
WASHINGTON, Jan 13 (Reuters) – United States President Donald Trump welcomed the country’s inflation data released on Tuesday, using US consumer price figures to reiterate his pressure on Federal Reserve Chair Jerome Powell to reduce interest rates ‘significantly’.
The data showed that US consumer prices in December rose as distortions related to the US government shutdown, which had artificially lowered inflation in November, dissipated, consolidating expectations that the Fed will keep interest rates unchanged this month.
