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Trump Calls for Fed Rate Cuts, Dallas Fed Warns Inflation

7/28/2026

Summary

Story summary

U.S. President Donald Trump urged the Federal Reserve (Fed) to lower interest rates, saying country should have the lowest rate worldwide.
He claimed the country could achieve 8%-12% GDP growth if rates were lowered.
The rate stays at a 3.5%-3.75% target unchanged since late 2025, with FedWatch showing about a one-in-three chance of a 0.25-point hike.
Dallas Fed President Lorie Logan urged higher rates, warning that inflation remains persistently high.

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Story summary

U.S. President Donald Trump urged the Federal Reserve (Fed) to lower interest rates, saying country should have the lowest rate worldwide.
He claimed the country could achieve 8%-12% GDP growth if rates were lowered.
The rate stays at a 3.5%-3.75% target unchanged since late 2025, with FedWatch showing about a one-in-three chance of a 0.25-point hike.
Dallas Fed President Lorie Logan urged higher rates, warning that inflation remains persistently high.