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Trump Calls for Rapid Rate Cuts to 1%
U.S. President Donald Trump called on the Federal Reserve to sharply and rapidly cut U.S. interest rates, suggesting they be reduced to 1% or lower, in order to support economic growth. This comes amid ongoing inflationary pressures resulting from rising energy prices and tariffs, with a disagreement between Trump and the central bank over the speed and approach to interest rate cuts. The Federal Reserve emphasizes the importance of relying on inflation data and the labor market before making decisions. While the bank recently decreased the rate by 0.25 percentage points to a range between 3.75% and 4%, Trump is demanding a larger and faster cut to boost the economy further.
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