Voters elected Trump to find a way to curb the hotter inflation that occurred under President Joe Biden. But the president has also sought to impose tariffs to extract concessions and raise revenues on the belief — which many economists dispute — that America’s yawning trade deficit is a sign of weakness.

The latest remarks come just as new inflation data showed prices picking up more than expected. Federal Reserve Chair Jerome Powell will also answer questions in Congress on Wednesday.

FOX Business correspondent Grady Trimble reports on how President Donald Trump is calling on the Fed to lower interest rates on ‘Special Report.’