The president has backtracked repeatedly on his tariff policies, creating a whiplash with downsides and few clear benefits so far.

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,

Federal Reserve Chair Jerome Powell, who Trump recently said he’s considering firing, has a 37% approval rating, beneath the lowest approval ratings for the previous three federal reserve chairs, but above his 36% average approval rating in 2023, Gallup found.