Trump Administration Struggles to Lower Interest Rates as 30-Year Treasury Bonds Hit Near Two-Decade Highs

President Donald Trump's efforts to reduce interest rates are reportedly failing, with 30-year U.S. Treasury bonds reaching their highest levels in nearly two decades. Despite Trump's public pressure on the Federal Reserve to cut benchmark rates, the new Fed chair, Kevin Warsh, offered no clear solutions for persistent inflation during a recent press conference. The rising borrowing costs are becoming a concern for Republicans ahead of the November midterm elections.