Trump, Powell and lower rates
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Trump indicated that Powell’s handling of an extensive renovation project on two Fed buildings could be grounds to fire him.
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Benzinga on MSNJune Inflation Data Validates Powell's Trump PushbackPresident Trump’s push for immediate rate cuts met resistance Tuesday as June’s inflation data supported the Federal Reserve’s patient stance, according to Benzinga. The Consumer Price Index rose 2.7% year over year,
U.S. President Donald Trump denied plans to fire Federal Reserve Chair Jerome Powell, despite reports suggesting he's considering it. Such a move could destabilize faith in the U.S. dollar and financial system.