Trump’s Venezuela Oil Plan Faces Reality Check as Fed Hike Odds Double
President Trump is pushing for lower interest rates and cheaper gas via Venezuelan oil, but faces resistance from Fed Chair Kevin Warsh and expert skepticism. U.S. gas prices hit $4.08 per gallon, up 30% year-over-year, while Q2 GDP growth slowed to 1.5%. Markets now expect a rate hike in September, contradicting Trump’s claim that high growth does not cause inflation. Separately, the FTC sued Amazon for allegedly overcharging advertisers by $20 billion.