Fox ramps up Trump’s pressure campaign against the Federal Reserve
Following a better-than-expected consumer price index report from May, which showed prices increasing by 0.1% last month for an annualized rate of 2.4%, President Donald Trump is redoubling his pressure campaign to get Federal Reserve Chairman Jerome (“Jay”) Powell to cut interest rates. Fox News and Fox Business hosts and guests joined in pressuring Powell to cut interest rates, with former Trump economic adviser Larry Kudlow further suggesting replacement of the entire Fed board of governors and their staff economists.
Yet multiple economists have warned that Trump’s tariffs have not yet taken full effect, and the Trump administration is still in the early stages of its mass deportation campaign, both of which could reignite inflation.
Related Knowledge Center: Democracy and politics
News organizations are scrambling to find a coverage approach that adequately informs the American public about the country’s slide from democracy to authoritarian rule.
Related Knowledge Center: Information integrity
In an increasingly fractured media landscape, truth has been a casualty in the public discussion. Coverage has been warped by the business needs of struggling news organizations, and a significant segment of the public relies on bad-faith outlets that are little more than propagandists. While fact-checking has become routine, some organizations are exploring other ways to combat the trends. And misinformation spewed by AI-driven chatbots has become more of a feature than simply a bug.
Fact-checking and its detractors