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Former World Bank President David Malpass: The Fed has the rates too high

Summary by CNBC
David Malpass, Purdue School of Business distinguished fellow of international finance and former World Bank president, joins 'Squawk Box' to discuss the Fed's inflation fight, rate path outlook, state of the economy, debt impact of President Trump's reconciliation bill, and more.

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The BC director also pointed out that the starting point for the turn of the year was a stronger-than-normal dollar

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CNBC broke the news in United States on Wednesday, July 2, 2025.
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