Trump: Will demand Saudi Arabia and OPEC to lower oil prices, Federal Reserve should quickly cut interest rates
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U.S. President Trump stated at the Davos World Economic Forum that he would ask Saudi Arabia and OPEC to lower oil prices and plans to request the Federal Reserve to reduce interest rates. He mentioned that the Saudi Crown Prince confirmed plans to expand investment and trade with the U.S. over the next four years, targeting $600 billion, potentially reaching $1 trillion. Trump believes that lowering oil prices would help end the Russia-Ukraine war and indicated he would exert pressure on the Federal Reserve to lower interest rates
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