Trump is bashing Jerome Powell again after the Fed keeps interest rates steady
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President Trump criticized Fed Chair Jerome Powell for not lowering interest rates, calling him a "FOOL" on Truth Social. Following the Fed's decision to keep rates steady at 4.25%-4.50%, Trump argued that inflation is virtually nonexistent and that tariffs are benefiting the U.S. economy. Powell, however, highlighted concerns about above-target inflation and the potential economic impact of sustained tariffs, suggesting that the current rates are appropriate for now to avoid stagflation.
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