NotableEconomyAssociated Press·Associated Press

Trump has been losing his battle to cut interest rates

President Donald Trump publicly urged the Federal Reserve to cut interest rates, calling for "Rocket Fuel!" for economic growth. Since the war in Iran began, borrowing money has become more expensive, leading to fewer families affording mortgages or auto loans.

Impact Score

4/10

Saturday, August 1, 2026 at 10:58 AM EDT

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