WASHINGTON (AP) — President Donald Trump has been losing his own battle to cut interest rates. Trump for months publicly pressured the Federal Reserve to slash its benchmark rates, claiming it would be "Rocket Fuel!" Neither Trump nor his Treasury Secretary, Scott Bessent, discussed interest rates during the public portion of the meeting. "Oil prices — and thus overall inflation — will plummet again when President Trump forces a successful resolution with Iran, further paving the way for additional interest rate cuts by the Federal Reserve," Desai said. Higher interest rates are weighing on voters ahead of the midterm electionsThe prospect of higher borrowing costs has become troublesome for Republicans in the November elections, as Trump's own policies helped drive the increase.