The Trump administration said Tuesday that it expects the economy to grow at a pace of 3% and that the Federal Reserve can continue to lower interest rates in that environment. Joe Lavorgna, counselor to Treasury Secretary Scott Bessent, told Yahoo Finance in an interview that the economy is experiencing a boom without inflation tied to President Trump’s deregulatory, pro-growth policies, boosted by capital spending. Read more: How the Fed rate decision affects your bank accounts, loans, credit cards, a ...