Trump's pattern of blowing hot air when he cannot control a situation should be obvious by now. It may be good politics to blame someone else for the bad consequences of one's own actions. and count on the ignorance of voters to swallow that excuse for bad consequences. But in time, he risks some voters wising up. He can boviate all he wants about both interest rates and the price of crude oil per barrel, but he cannot control either.
First, he was demanding, under threat of replacement, that the Federal Reserve chair lower interest rates as a political favor to him. His own tariff TACOS, national debt, and immigration policies are pressures on interest rates to counter inflation...which goes against his promises to lower interest rates. ( FYI, the President does not have the power to appoint or remove or to shutter the Federal Reserve) The Federal Reserve makes its policies in the interest of controlling inflation, not to give a president some political good news. Trump's Foreign policies, such as bombing Iran, caused gas prices to spike, when he had promised consumers cheap gas. In the short term, the "cease-fire" between Iran and Israel will have a significant impact on those prices. Trump still ordered oil interests to lower the price per barrel when war loomed in the Middle East, and stability over the long run is still iffy..Oil prices are set mostly by international cartels and international supply and demand..over which Trump has no control.
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