Voters elected Trump to find a way to curb the hotter inflation that occurred under President Joe Biden. But the president has also sought to impose tariffs to extract concessions and raise revenues on the belief — which many economists dispute — that America’s yawning trade deficit is a sign of weakness.

FOX Business correspondent Grady Trimble reports on how President Donald Trump is calling on the Fed to lower interest rates on ‘Special Report.’

Trump again switched positions on the Fed, indicating in a social media post Wednesday that interest rates need to come down.

The central bank remains focused on its 2% inflation target and many officials prefer to observe how Trump’s tariffs and economic policies impact growth before making any further moves.

The Fed faces complex decisions as it decides how quickly to cut rates or whether to raise them amid Trump's tariffs and immigration crackdown.