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Trump Urges Fed to Cut Rates by 2-3 ppts
On the eve of Federal Reserve Chairman Jerome Powell's congressional testimony, US President Donald Trump once again pressured Powell, stating that Europe has cut interest rate...
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On the eve of Federal Reserve Chairman Jerome Powell's congressional testimony, US President Donald Trump once again pressured Powell, stating that Europe has cut interest rates 10 times while the Fed has not done so even once.

At the moment, the US has no inflation, and the economy is thriving, said Trump, believing the Fed should cut interest rates by at least 2-3 ppts, which will save the U.S. US$800 billion annually. Even if the situation worsens in the future, the Fed can raise rates.

Related NewsEIA Crude Oil Stocks Change for Jun/20 in United States is -5.836M, lower than the previous value of -11.473M. The forecast was -0.75M.
Trump voiced hope that Congress will teach Powell a lesson, suggesting that the American public is paying the price for his incompetence, and urged the Fed to take action to make America great again.

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