U.S. President Donald Trump on the 27th renewed his demand for the Federal Reserve to cut interest rates. Speaking to reporters aboard Air Force One, he insisted that rates should be lowered, signaling his desire to boost the economy and stock prices ahead of the fall midterm elections. While criticizing hawkish Fed officials as very political, he praised Chairman Warsh, who has hinted at future monetary easing, saying Kevin is fantastic. On high prices, he blamed the previous Biden administration for bequeathing the worst inflation in history, and stressed that once the U.S.-Iran conflict ends, inflation will drop sharply and quickly. He also argued that policy rates should be the lowest in the world.