Fed, Trump and interest rates
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When asked if the Fed would have cut interest rates by now, had the tariffs not been implemented, Powell said, “I think that’s right.” Trump has lashed out at Powell for refusing to cut ...
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Fed Chair Says High Interest Rates Are Entirely Trump’s FaultDonald Trump’s wishy-washy tariffs have been good for one thing: keeping Federal Reserve interest rates high, according to the central bank’s chair Jerome Powell. Speaking at a European ...
Federal Reserve Chairman Jerome Powell Tuesday blamed President Trump’s unpredictable trade war for keeping interest rates stubbornly high. The central bank chief said the Fed board was plannng ...
The Fed cut rates three times late last year to about 4.3%. Yet since then it has put rate cuts on pause out of concern that Trump’s tariffs could push up inflation.
Trump wrote in the note that Powell is, as usual, “too late” who has cost the U.S. a "fortune." Hundreds of billions of dollars have been lost, and Powell should lower the interest rates, he ...
On Monday, Trump sent a handwritten letter to Powell, who he often calls “too late,” claiming he “cost the U.S.A. a fortune” by not cutting interest rates.
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