Trump’s push for lower interest rates to fuel economic growth is hitting a wall — borrowing costs are rising, debt interest now exceeds defense spending, and the Fed, led by his appointee Kevin Warsh, remains tight-lipped on inflation. With rates at 20-year highs, Republicans face mounting pressure ahead of midterms as tariffs, AI investments, and foreign conflicts drive up costs — while wages lag behind inflation and markets expect rates to climb, not fall.
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