Trump urges rate cuts to boost savings, but Fed says economy is strong

Experts say the Federal Reserve is unlikely to cave to President Donald Trump's demands for lower interest rates amid the administration's aggressive reset of global trade relationships.TRUMP CRITICIZES FED CHAIR POWELL OVER RISING INTEREST RATES"The primary reason for the delay in cuts is inflation uncertainty from tariffs and the administration's trade policy in general," explained Jai Kedia, a research fellow at the Cato Institute's Center for Monetary and Financial Alternatives."Such tariffs act as supply shocks because they lower overall output and employment and elevate prices. As a resu