Trump Forced to Abandon His Most Important Campaign Promise
The Iran war forced the United States to raise interest rates.
The U.S. Federal Reserve raised interest rates by 0.25 percentage points, bringing the rate to 4 percent. The move puts the brakes on efforts to prevent a recession during Trump’s second term in office.
U.S. interest rates had remained unchanged for three years. Before this, Trump had sought to prevent interest rates from rising—a key campaign promise of his—by applying political pressure to replace the Federal Reserve chair.
The Iran war has put the U.S. economy at a crossroads between recession and inflation through an energy shock. Now, the decision to raise interest rates could push the U.S. economy into a severe recession.
Jason Rutherford
Jason Rutherford is a political journalist and investigative reporter covering governance, policy, and national affairs. With a focus on transparency and accountability, he writes clear, analytical stories that help readers understand complex political dynamics. His work includes interviews with lawmakers, reports on legislative developments, and commentary on shifting geopolitical trends.
