President Trump says Fed rate cuts would save the government as much as $900 billion a year in interest payments on its debt. Is that fight?

Federal Reserve Chairman Jerome Powell on Tuesday blamed President Donald Trump’s tariffs for not cutting interest rates, but largely withheld further criticism despite facing heated attacks from the president this week.

Interest rates would have been cut, if not for Trump’s tariffs, Fed chair says - Trump has pressured Powell and the Fed to lower short term interest rates