President Trump Demands Immediate Interest Rate Cuts
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President Trump has announced his intention to force the Federal Reserve to cut interest rates immediately. He emphasized that interest rates should drop globally, aligning with his economic policies. This stance is likely to create tension with Federal Reserve Chair Jay Powell, who has consistently maintained the Fed's independence from political influence. Trump has a history of criticizing Powell, whom he appointed, and has publicly questioned his decision-making abilities. The current benchmark interest rate is between 4.25% and 4.5%, following three cuts in late 2024. market analysts do not anticipate immediate rate adjustments.
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