Trump calls for Fed rate cuts as tariff push, economic concerns intensify

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Trump calls for Fed rate cuts as tariff push, economic concerns intensify - Business Standard

Quick Summary:

Yet he also cast Powell’s decision to cut interest rates before the November presidential election as politically motivated and intended to bolster Democrats.

His move this week to dismiss two Democrats on the US Federal Trade Commission has raised questions about how widely Trump will seek to remake independent agencies.

High interest rates are squeezing the housing market, and economists now see economic growth slowing in the upcoming months.