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Trump Ramps up Attacks on the Federal Reserve but Powell Sticks to ‘Wait and See’ Stance

UNITED STATES, JUL 1 – President Trump demands Federal Reserve rate cuts to lower government borrowing costs and spur growth despite Chair Powell's cautious stance amid persistent inflation risks.

  • Federal Reserve Chair Jerome Powell is sticking to his policy of keeping interest rates unchanged despite President Trump's repeated calls for rate cuts.
  • Powell said the Fed will wait to see the impact of Trump's tariffs on the economy before making any changes to interest rates.
  • Trump has attacked Powell and other Fed officials, accusing them of hampering economic growth by not lowering interest rates.
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tippinsights broke the news in on Monday, June 30, 2025.
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