Trump's Rate Cut Demands Clash with Fed's Inflation Concerns
TL;DR Summary
President Trump blames Fed Chair Powell for high interest costs and urges rate cuts, but experts suggest that lowering rates may not significantly reduce the US's rising interest payments, which are driven by the growing federal debt and other factors. The focus should be on reducing the deficit rather than solely manipulating interest rates.
- Trump says Powell is costing the US a fortune by not lowering rates. But firing the Fed chair may not fix the issue CNN
- What if the Fed cut rates to just 1% like Trump wants? An analyst says it's 'ludicrous' and may scare businesses Fortune
- Why is Trump unhappy with Fed Chair Jerome Powell, and what does the Federal Reserve do? CBS News
- Trump Wants to Cut Deficits. Powell-Bashing, Stablecoins, and T-Bills Could Help. Barron's
- Fed's rate-cut delay intact as inflation fears override Trump pressure Reuters
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