Trump, Powell and interest rates
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Donald Trump is pressuring the Federal Reserve to cut interest rates following a favorable inflation report, arguing that the current base rate is too high with a modest 2.3% annual CPI increase. However,
Federal Reserve Chair Jerome Powell is slated to give remarks Tuesday afternoon after the latest announcement on interest rates, as the U.S. faces economic uncertainty sparked by President
Despite pressure from President Donald Trump to slash interest rates, the Federal Reserve was expected to stick to its wait-and-see approach.
President Trump tore into Federal Reserve Chair Jerome Powell early Thursday, a day after the central bank opted to hold interest rates steady — bucking calls from the president to lower borrowing costs. “‘Too Late’ Jerome Powell is a FOOL ...