White House Steps Up Public Campaign to Sway Fed Ahead of September Meeting

BlockBeats reports that on Sept. 6, with the Federal Reserve set to meet Sept. 15–16, the Trump administration escalated its public push for the central bank to avoid rate hikes and consider additional cuts. President Trump, Vice President Vance, Treasury Secretary Bessent and White House senior economic adviser Navarro have each recently urged the Fed to keep rates unchanged or lower. Markets are pricing in a roughly 60% chance of a 25-basis-point increase in September, a view supported by August nonfarm payroll growth of 162,000 and an unemployment rate that held steady at 4.1%. Fed Chair Walsh has continued to highlight inflation risks, pointing to data showing 54% of components in the PCE price index rose more than 3% over the past 12 months, and arguing the Fed should keep inflation control as its top priority. Trump also warned that if the Fed does not cut rates, the U.S. could take steps such as halting trade with countries running trade surpluses with the United States. With November’s midterm elections approaching, high prices and elevated borrowing costs are adding to political pressure on the administration. Investors will focus next on this week’s U.S. CPI release, which could prove decisive in whether the Fed raises rates or holds steady in September.