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Federal Reserve leaves interest rates unchanged even as Trump demands cuts
On Wednesday, Trump seized on a report showing the economy expanded at a 3% annual rate in the second quarter as evidence that growth is accelerating and called on Powell to cut rates. Yet the Fed typically reduces borrowing costs when the economy is faltering and threatening to send unemployment higher.
President Donald Trump, after a tour of the Fed’s $2.5 billion renovation, said he didn’t want to fire Federal Reserve Chair ...
Fed governors Michelle Bowman and Christopher Waller, who have signaled support for easing interest rates in recent weeks, ...
Trump also took aim at the Federal Reserve during his chat with the press, blaming high interest rates for locking would-be ...
Federal Reserve Chair Jerome Powell has told multiple associates and allies that there’s no chance he will bow to President ...
Financial markets finished the week on a high note after Federal Reserve Chair Jerome Powell stood his ground against ...
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Trump Flubs Major Details About His Own Trade DealsDespite protestations from America’s trading partners, Donald Trump insisted Wednesday that his tariff scheme would pull in ...
The president indicated to Republican lawmakers that he is likely to attempt to remove the Fed chair from his job soon.
The C.E.O. of JPMorgan Chase, who has rarely taken on President Trump during his second term, wades into the argument over ...
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