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Trump on Warch: Actions on interest rates
U.S. President Donald Trump stated that he respects Federal Reserve Chairman Jerome Powell and promised he would do what is necessary regarding interest rates. His remarks came after Powell indicated at the Jackson Hole Forum that the U.S. central bank has an important task ahead if inflation does not decrease toward its target level of 2%. Trump's position is considered calmer compared to his predecessor, Jerome Powell, who faced a campaign of criticism from Trump to pressure him into lowering interest rates.
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