Trump wanted interest rate cuts to be ‘Rocket Fuel’ for the economy. He is losing that fight so far0

• Gear / Gear News and Events, General, News, Newsletters, Security / Security News, US
• August 1, 2026

WASHINGTON — President Donald Trump has been losing his own battle to cut interest rates. The president likes to vilify high rates as an affront to the size and strength of the U.S. economy, saying that America deserves the cheapest borrowing costs in the world. Trump for months publicly pressured the Federal Reserve to slash