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01.07.25 - 18:24
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Federal Reserve chair blames Trump′s tariffs for preventing interest rate cuts (The Guardian)
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Jerome Powell says inflationary impact of the president's trade policies needs to be assessed before borrowing costs can be reducedThe chair of the Federal Reserve, Jerome Powell, has blamed Donald Trump's tariffs for preventing the immediate interest rate cuts the president has demanded.Trump has repeatedly urged Powell to reduce borrowing costs in the US economy, and on Monday posted a hand-scrawled note on his Truth Social platform saying: “You have cost the USA a fortune – and continue to do so – you should lower the rate by a lot!” Continue reading......
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29.06.25 - 00:39
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Trump Says He Will Only Appoint Fed Chair Who Wants To Cut Interest Rates (ZeroHedge)
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Trump Says He Will Only Appoint Fed Chair Who Wants To Cut Interest Rates
Authored by Aldgra Fredly via The Epoch Times,
President Donald Trump said on Friday that he may appoint someone who is more inclined to lower interest rates to succeed Federal Reserve Chair Jerome Powell.
“If I think somebody's going to keep the rates where they are or whatever, I'm not going to put them in. I'm going to put somebody that wants to cut rates,” Trump told reporters at the Oval Office.
Trump criticized Powell for not lowering interest rates and said that he would “love” the head of the U.S. Federal Reserve to step down if Powell chooses to do so.
The president suggested lowering rates to 1 percent, although he believes cutting interest rates by two percentage points would save the country “more than $600 billion” annually.
“I think we should be paying 1 percent right now,” he said.
The Fed decided last week to keep its benchmark policy rate unchanged at 4.25 to 4.50 percent.
Powell, whos...
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