Trump Opens Iran Peace Talks, Fed Urged to Cut Interest Rates
US President Donald Trump remains open to diplomacy with Iran after halting the attacks. He hopes an end to the conflict in the Gulf region will help reduce price pressures and ease economic uncertainty.
Trump said the latest inflation report shows positive developments. He said costs are starting to fall rapidly, and prices have the potential to weaken further if the war truly ends.
The decline in energy prices is considered to help ease inflation in the United States. This condition also opens room for the Federal Reserve to consider lower interest rates.
Trump publicly stated for the first time that interest rates need to be lowered. Lower borrowing costs are expected to help individuals, businesses, and support economic growth.
Trump also praised Fed Chairman Kevin Warsh and expressed confidence that he would make the right decision. However, Trump cautioned that policy decisions must still be discussed with the central bank's board members.
Meanwhile, US Treasury Secretary Scott Bessent said the government's tax cuts have provided significant relief to the public. The policy is considered to be most noticeable for low- and middle-income households. (asd)*
Source: Newsmaker.id
