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CNN Arabic
Trump responds to Fed interest rate hike
President Donald Trump reaffirmed the need to reduce interest rates in the United States to 1% or lower, pointing out that the country has the highest credit rating and is experiencing a boom in investments. This comment came after the Federal Reserve raised interest rates for the first time since July 2023 to combat inflation, amid Trump's ongoing calls for them to be lowered. He also previously threatened to cease trade with countries suffering from significant trade deficits. Trump did not directly criticize Federal Reserve Chairman Jerome Powell, despite the pressure.
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