Trump urges Fed to lower interest rates as new inflation data shows slight rise

By Home - CBSNews.com Jul 15, 2025 | 12:09 PM

President Trump is urging the Federal Reserve to lower interest rates following the release of Consumer Price Index (CPI) data for June, which shows a 0.3% increase. CBS News MoneyWatch correspondent Kelly O’Grady has the latest.

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BREAKING THE BUDGET IMPASSE

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Increase income taxes to pay for more spending.

Draw down the state's rainy day funds to pay for more spending.

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Legalize recreational marijuana to pay for more spending.

We don't need more spending, we need less! No new taxes!

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Trump urges Fed to lower interest rates as new inflation data shows slight rise