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Trump Advocates Interest Rates Under 1%
U.S. President Donald Trump affirmed that interest rates in the United States should be at 1% or lower and should be reduced quickly. This statement came in response to the Federal Reserve's decision to raise the benchmark interest rate to a range between 3.75% and 4%. The remark comes amid ongoing inflationary pressures resulting from the war with Iran, rising energy prices, and tariffs, with Trump relying on lowering interest rates to curb the effects of inflation and stimulate the economy.
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