Trump Pressures Fed Chair Powell to Cut Interest Rates
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US President Donald Trump is pressuring Federal Reserve Chair Jerome Powell to cut interest rates, despite the central bank’s refusal to do so in 2025. Trump, who appointed Powell in 2017, has grown increasingly critical of his decisions and suggested the Fed should follow the European Central Bank’s example. Any move that forces changes in the Federal Reserve’s autonomy could destabilize the US economy and damage global confidence.
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