Pressure from Republicans is already resulting in changes at the Fed.
Chair Jerome Powell has made clear that future rate cuts will likely be at a more gradual pace.
Fed officials lowered the benchmark interest rate but reined in the number of expected cuts in 2025.
The Fed chair frequently drew Trump's ire during his first presidential term.
Some businesses can't keep passing on prices, and diminished pricing power could slow inflation.
He noted that inflation remains "somewhat above" the central bank's target.
The remarks left open the question of how policymakers will approach interest-rate cuts in the coming months.
The Fed is widely expected to begin lowering its key interest rate from a two-decade high later this month.
Job seekers said finding employment was becoming more difficult and taking longer.
The Fed chair confirmed the Fed is on the cusp of a key turning point in its two-year battle against inflation.
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