• President-elect Trump aims to reduce high borrowing costs to alleviate financial pressures on American households, but persistent high-interest rates may challenge those goals.
• Trump has a history of criticizing Jerome Powell and the Fed, raising concerns about potential political interference in monetary policy, which could undermine the Fed's independence vital for managing inflation.
• Concerns exist that Trump's proposed tax cuts and tariffs may exacerbate inflation, creating a conflict with the Fed's need for potentially higher interest rates to stabilize the economy.

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