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Fortune

Eleanor Pringle

Trump calls on ‘Too Late Powell’ to cut interest rates after inflation cools—but impact of tariffs not yet felt

Donald Trump Jerome Powell Inflation US Federal Reserve Interest Rates

US President Donald Trump (Credit: BRENDAN SMIALOWSKI—AFP via Getty Images)

ANALYSIS: Donald Trump is pressuring the Federal Reserve to cut interest rates following a favorable inflation report, arguing that the current base rate is too high with a modest 2.3% annual CPI increase. However, the Fed, led by Jerome Powell, remains cautious due to economic uncertainty, evolving tariff policies, and concerns about maintaining its independence from political influence.

President Donald Trump's argument for a base rate cut is gathering pace as the latest CPI report from the Bureau of Labor Statistics came back with a comfortable reading of 2.3%—only a fraction higher than the Fed's target.

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Immigration to UK from third-world countries, including Pakistan, will end entirely, British MP Rupert Lowe warns

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Top stories on inkl right now

Immigration to UK from third-world countries, including Pakistan, will end entirely, British MP Rupert Lowe warns

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British MP Rupert Lowe has announced plans to end immigration from several developing countries, including Pakistan, Bangladesh, Afghanistan, Somalia and Iran, under his Restore Britain party's proposed policies. Speaking at the party's October 3 conference, Lowe said, “Immigration into Britain from the Third World will end entirely.”

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The Senate candidate denounced opponent Ken Paxton, calling out corruption allegations and support from Musk

The Guardian - US

‘A racist terror attack’: Emmanuel Macron condemns deadly shooting near Paris

‘A racist terror attack’: Emmanuel Macron condemns deadly shooting near Paris

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Surging turnout, with Democrats voting more: key takeaways from early voting data

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The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Tony Stewart: Violent Talladega Truck wreck "knocked the wind out of me"

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Macron condemns ‘racist terrorist attack’ after one killed and five injured in Paris shootings

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A gunman fired from a vehicle at three locations in the Paris suburbs in what French authorities described as a racially motivated attack

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