1 month ago
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President Donald Trump was in Michigan Tuesday to promote his efforts to boost U.S. manufacturing, as he tries to counter fears about a weakening job market and worries that still-rising prices are hurting Americans’ pocketbooks. The day trip included a tour of a Ford factory in Dearborn that makes the best-selling F-150 pickups.
Speaking to the Detroit Economic Club, the president essentially accused the Fed of stealing his joy by not being bullish about lowering interest rates.
It comes as the Trump administration’s criminal investigation of Federal Reserve Chair Jerome Powell has sparked an outcry, with defenders of the U.S. central bank pushing back against Trump’s efforts to exert more control over it. Federal data from December showed inflation declined a bit last month as prices for gas and used cars fell — a sign that cost pressures are slowly easing.
After last year’s e...
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