Trump Cites December Inflation Data to Urge Federal Reserve Rate Cuts Amid Tensions

US President Donald Trump responded to December inflation data showing consumer prices rose 2.7% year-on-year, with core inflation at 2.6%, slightly below expectations. Trump argued these figures justify Federal Reserve Chair Jerome Powell cutting interest rates, criticizing Powell for delaying such moves and escalating tensions amid an ongoing investigation into Powell. Despite Trump's calls, rising monthly prices have reinforced expectations that the Fed will maintain current rates to control inflation.