Trump Hits Fed on Inflation, Vows Energy Boom and Deregulation to Tame Prices

President Donald Trump on Wednesday accused Federal Reserve Chair Jerome Powell of failing to control inflation, blaming the Fed’s focus on social and environmental issues. The president vowed to counter what he called the Fed’s mismanagement with deregulation, energy expansion, and Treasury-led lending that would boost economic growth and ease inflationary pressures. Trump’s remarks, made in a Truth Social post, came after the Fed decided to hold interest rates steady in response to persistent inflation concerns. Powell, speaking at a press briefing, signaled that rates could remain elevated for an extended period if inflation fails to decline further....