Trump’s criticism stems from his view that, as he said Thursday, “we have essentially no inflation.”
The Fed sharply raised rates in 2022 and 2023 to slow borrowing and spending and tame inflation, which dropped steadily from a peak of 9.1% in 2022 to 2.4% last month. Inflation is not far from the Fed’s target of 2%.
The Fed even cut rates three times at the end of last year.$BTC
