White House urges Fed to cut rates amid budget and fiscal concerns

The White House is urging the Federal Reserve to implement 'dramatically lower' interest rates ahead of a key policy meeting, criticizing Fed Chair Jay Powell for being too late in cutting rates and expressing concern over the Fed's headquarters refurbishment. The administration's push for lower rates comes amid ongoing trade tensions and inflation concerns, with the Fed expected to hold rates steady in the upcoming meeting, though a rate cut remains possible if inflation remains low.