Fed, Trump
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President Donald Trump on Tuesday morning made his latest call for the Federal Reserve to lower interest rates following July’s inflation report. But the president didn’t say by how much.
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,
The White House is pressing Senate Republicans to confirm an ally of President Donald Trump to the Federal Reserve board in time for its next meeting in mid-September, when members will decide whether to slash interest rates for the first time this year.