Trump Pressures Fed Chair Powell on Interest Rates | JQJO

President Trump urged Federal Reserve Chair Jerome Powell to cut interest rates, citing low inflation and a strong economy. Powell defended the Fed's decision to hold rates steady, citing concerns about potential inflation and economic uncertainty stemming from Trump's policies. Powell acknowledged subdued current inflation but anticipates an uptick later this year, while critics like William Pulte accuse Powell of politicizing the Fed. Economists warn of a potential stagflation scenario with rising inflation and unemployment.