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HomeBusinessThe Daily Dough: Is Trump Capable of Reducing Interest Rates?

The Daily Dough: Is Trump Capable of Reducing Interest Rates?

 

The Daily Money: Can Trump lower interest rates?


Good morning! Betty Lin-Fisher here, ready to share Friday’s consumer-oriented edition of The Daily Money.

 

On Thursday, President Donald Trump announced that he would be pushing for immediate reductions in interest rates during a video address at the World Economic Forum.

Trump has resurrected a campaign from his previous administration, attempting to pressure Federal Reserve Chair Jerome Powell and other officials into lowering rates, according to my colleague Paul Davidson.

How might the president’s statements influence the economy?

Will an AI-designed 3D printed slide shoe become popular?

Last week, I spoke with Joe Foster, the 89-year-old co-founder of Reebok, and Ben Weiss, a 25-year-old entrepreneur. They have partnered with advisers—including Kevin Harrington from Shark Tank—to launch what they claim is the first AI-designed, fully 3D printed shoe available to consumers.

 

The slide shoe, priced at $149.99, draws its design inspiration from both a yacht and a spaceship, according to Weiss.

 

The team is optimistic about the shoe’s appeal, especially among those working from home.

Check out the story I collaborated on, featuring some fantastic graphics made by my colleague Stephen Beard.

 

Join the Uncomfortable Conversation About Money

The upcoming installment in my series, Uncomfortable Conversations About Money, will be published on Sunday. This month, I will explore the sensitive topic of borrowing money from family. You can catch my latest story—along with a related video—on my staff page when it goes live on Sunday morning.

 

I’m always on the lookout for new topics to discuss. Is there a specific Uncomfortable Conversation About Money you seek advice on?

I’m also eager to connect with anyone willing to share their experiences or wisdom on these matters.

The next topics I’m planning to cover include:

  • How should you handle splitting bills and expenses when moving in with a significant other, especially if your incomes differ significantly?
  • What steps should you take if your partner’s ex requests financial assistance?

About The Daily Money

Each weekday, The Daily Money provides you with top-notch consumer and financial news from YSL News, simplifying intricate events, offering the TLDR (Too Long; Didn’t Read) version, and clarifying how changes in Fed rates and bankruptcies may affect you.