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Trump Intensifies Push to Oust Fed Chair Powell Over Rate Disputes
President Donald Trump criticized Federal Reserve Chair Jerome Powell, stating that Powell's "termination cannot come fast enough" regarding interest rate cuts.
Powell stated that Trump's tariffs have led the Fed to seek "greater clarity" on policy impacts before altering interest rates.
Trump argues that the Fed should align its rates with the European Central Bank, which recently announced cuts.
Powell defended the Fed's independence, affirming that it will not be swayed by "any political pressure.