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Fed, Trump and Jerome Powell

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What Trump Fed candidates have said about interest rate cuts
President Donald Trump is set to replace Federal Reserve Chairman Jerome Powell next year. Here is what some of his potential picks said recently about interest rates and monetary policy. Powell has rankled Trump and his allies for months for overseeing a Fed that has thus far refused to cut interest rates due to fears of another uptick in inflation.

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Jerome Powell hints long-awaited rate cuts are coming soon — the first during Trump’s term
Fed Chair Powell faces fresh challenges to Fed independence amid potential rate cuts
Powell suggests rate cuts are coming — but not because Trump demanded them
As the Trump administration ramps up its pressure on the Federal Reserve, Chair Jerome Powell is set to deliver a key speech Friday at a central banking symposium in Jackson Hole, Wyoming.

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President Steps Up Attack on Fed as He Demands a Governor Resign
Fed Chair signals upcoming interest rate cuts, stocks skyrocket in response
Trump gives meandering answer about the Fed after Powell hints at rate cut the president has long wanted
Trump has long called for the Fed to cut interest rates, but the board has resisted because of inflation fears.

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The Fed is under full-scale assault. Jerome Powell is facing his toughest battle yet
Fed Chair Powell Hints At Rate Cuts As Trump Policies Shake Economy

Dow closes up 840 points after Fed Chair Powell signals possible interest rate cut

Minutes after the speech, investors pegged the chances of a quarter-point interest rate cut at 91%, up from a 75% chance assessed one day earlier, according to CME FedWatch Tool, a measure of market sentiment. Despite the market's positive reaction to Powell's speech, the Fed chair voiced a note of caution for the outlook for the U.S. economy.

Trump may want lower interest rates for consumers, but it sure is convenient for the national debt he’s creating, too

While Trump frames the issue as consumer pain, Wharton’s Joao Gomes told Fortune that cheaper borrowing would also ease interest payments on the government’s $37 trillion debt burden—likely a central motivation.
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Powell addressing Jackson Hole forum as pressure mounts for interest rate cut

Federal Reserve Chair Jerome Powell is preparing to address the annual Jackson Hole, Wyoming, economic forum as the Trump administration pushes for an interest rate cut in September. Bill Watts, a markets editor for MarketWatch,

Trump Says He’ll Fire Fed’s Cook If She Doesn’t Resign

President Donald Trump said he would fire Lisa Cook from the Federal Reserve’s Board of Governors if she does not resign her post over mortgage-fraud accusations from a top White House ally.

What to Know About the Allegations Against Lisa Cook of the Fed

Trump administration officials have accused the Federal Reserve governor of mortgage fraud and called for her to resign.
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