President Donald Trump may see lower Federal Reserve interest rates as a fix for two politically potent problems, the cost of servicing $36 trillion in government debt and the high cost of home ownership,

President Trump wants the Fed to slash borrowing costs, but the central bank is unlikely to take such aggressive steps even once it begins to lower interest rates.

Fed Chair Jerome Powell said the economy is solid — and that it's also too early to tell how tariffs will affect it.