President Donald Trump reignited his campaign to get Federal Reserve Chair Jerome Powell to lower interest rates, holding up the European Central Bank as an example of how it should be done. Well, the ECB is widely expected to lower rates again Thursday for an eighth consecutive meeting,

Federal Reserve Governor Christopher Waller said on Monday that interest rate cuts remain possible later this year even with the Trump administration's tariffs likely to push up price pressures temporarily.

A short-lived bump in tariff-driven inflation could pass quickly enough to allow interest-rate cuts this year, especially if levies ease, Federal Reserve governor Christopher Waller said. New trade barriers are likely to push up prices in the short term,