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Trump urges Fed to cut rates
President Donald Trump called for the Federal Reserve to lower interest rates, despite traders expecting a 90% chance of a hike in the wake of August’s Consumer Price Index report. That data showed core inflation was higher than economists had estimated, with all signs pointing toward the Fed raising rates at this week's policy meeting. Trump told reporters over the weekend that the U.S. “should be paying the lowest interest rate in the world, regardless of their formulas," putting the president on "a collision course" with Fed Chair Kevin Warsh.
Trump Pushes Fed to Cut Rates as Inflation Raises Pressure for a Hike President Donald Trump is calling on the Federal Reserve to lower interest rates as policymakers prepare for a closely watched September meeting, putting the president at odds with...
