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President credits tariffs and administration policy for U.S. auto investment, criticizes Fed
Summary
The president said tariffs and his policies encouraged automakers — naming Toyota — to invest in U.S. plants and criticized the Federal Reserve's rate policy while calling for lower interest rates.
The president told reporters that U.S. auto manufacturing is expanding, saying "Toyota just agreed to come in, move its entire operation out of Mexico and into The United States" and predicting new plants will open over the next year. He attributed the investment to tariffs and his administration's policies.
On monetary policy, the president questioned the Federal Reserve's approach, suggesting board politics constrain decisions and asserting that rates "should be lowered." He referenced the 2% inflation target and said costs were falling, but offered no specific policy proposal to the Fed or legislative action to change rate-setting structures.
