Senator Kamala Harris on Wednesday night said that American households are paying more for everyday items because of Donald Trump’s trade policies.
Claim: “Jerome Powell just dropped the interest rates and he admitted why: because of the so-called trade policy that this president has, that has been nothing more than a Trump trade tax that has resulted in American families spending as much as $1.4 billion more a month on everything from shampoo to washing machines.”
Fact - Concern - Federal - Reserve - Rate
Fact: The primary concern driving the Federal Reserve’s rate cut was sluggish growth around the world. Uncertainty over trade policy, rather than the tariffs themselves, was cited as a possible drag...