President Trump took to Truth Social Tuesday to once again criticize Federal Reserve Chair Jerome Powell and call for a rate cut after a new Consumer Price Index report showed prices rose less than expected in July. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Breakdown
- Consumer Price Index rose by 2.7% annually, less than expected. 7s
- President Trump called for Fed Chair Jerome Powell to lower interest rates. 21s
- Core inflation, excluding food and energy, increased to 3.1%. 1m 31s
- Trump nominated E.J. Antony as the new Bureau of Labor Statistics commissioner. 2m 33s
- Trump signed an executive order delaying higher tariffs on China for 90 days. 3m 39s