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Trump says interest rates should be 'lowered' to go 'hand-in-hand' with his tariffs

  • President Donald Trump has called for the Federal Reserve, led by Chair Jerome Powell, to lower interest rates to align with his tariffs.
  • Despite Trump's request, analysts predict that the Federal Reserve will not cut interest rates this year, according to economists at the Bank of America.
  • Jerome Powell indicated a cautious approach, stating that the Fed is monitoring economic conditions and does not require an immediate adjustment to interest rates at this time.
  • Following a higher-than-expected inflation report, market expectations increased for the Fed to maintain current interest rates through 2025, affecting borrowing costs for consumers.
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Washington Times broke the news in United States on Wednesday, February 12, 2025.
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