Trump reacts to inflation report, calls on Fed to lower interest rates
President Donald Trump, as he left the White House for an event in Pittsburgh, was asked about the new inflation data out Tuesday morning that found consumer prices rose 2.7% in June compared to a year ago.
The reading marked a notable surge in prices as Trump's tariff policy took hold, matching economists' expectations.
Trump called the increase "very slight."

"Essentially, there were exactly as anticipated, very low inflation," he said. "So what you should do is lower the rate, the Fed should lower the rate immediately."





