đź’¨ Abstract

US President Donald Trump criticized Federal Reserve Chairman Jerome Powell for maintaining interest rates too high, stating he might fire him. Trump, who appointed Powell in 2017, has publicly disagreed with him since, but he softened his stance on Tuesday, saying he had no intention of dismissing Powell after advisors warned it would be counterproductive. Trump renewed his attacks on Powell on Wednesday, accusing him of politicizing interest rate cuts.

Courtesy: wtop.com

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