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Trump Wants a 3-Point Fed Rate Decrease. But You Can't Always Get What You Want.
The right to freedom of speech allows Trump to make demands of the Fed to his heart's content. But legally, he cannot compel the central bank to lower its benchmark interest rate. The Fed has the right to act independently, and its aim is to promote a healthy and stable economy by keeping inflation in check.
With his attacks on Federal Reserve Chair Jerome Powell and plans to fire him, US President Donald Trump has rattled ...
Former Treasury Secretary Lawrence Summers warned that President Donald Trump’s preference for the Federal Reserve’s interest ...
A new report shows inflation has picked up and analysts believe the prices of many goods increased, in part, because of ...
Trump has been highly critical of Jerome Powell this year, pressuring him to cut rates. The Fed Chair has said he's awaiting ...
Korea JoongAng Daily on MSN3d
Why Trump's push for a 1 percent Fed policy rate could spell trouble for U.S. economyA Fed policy rate that low is not typically a sign that the United States is the "hottest" country in the world for ...
WASHINGTON, July 9 (Reuters) - U.S. President Donald Trump on Wednesday called on the Federal Reserve to lower the federal ...
Federal Reserve Chair Jerome Powell defended the bank's $2.5 billion headquarters renovation budget amid feud with Trump over ...
US president’s offensive against Jay Powell has prompted swings in the dollar and lifted long-term inflation expectations ...
San Francisco Federal Reserve President Mary Daly reiterated on Thursday it is "reasonable" to expect two interest rate cuts ...
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