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Market Impact: 0.45
Trump Calls Fed Rate Hike 'Unfortunate,' Demands a Cut
Source: youtube.com
Monetary PolicyInterest Rates & YieldsElections & Domestic Politics
President Donald Trump criticized the Federal Reserve's 25bp interest-rate increase, arguing that U.S. rates should be 1% or lower. The comments add political pressure for a substantially more accommodative monetary-policy stance, though they do not change the Fed's policy decision.
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