Trump wants interest rate cuts; be careful what you wish for!

President Donald Trump is pushing hard for interest rate cuts. He should be careful what he wishes for, because he is begging for more inflation. Literally. Trump started badgering Federal Reserve Chairman Jerome Powell about rate cuts even before his inauguration, saying last January that "interest rates are far too high." In fact, this running battle with Powell over rates dates back to Trump's first term. As the Fed finally tried to normalize rates in 2017 after holding them at zero for nearly a decade in the aftermath of the 2008 financial crisis, Trump frequently criticized Powell and urged him...