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Donald Trump says he will 'demand' that interest rates come down, but it won't be that simple


Published on 2025-01-24 04:50:00 - WLWT
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  • And if Trump follows through on his promises to impose widespread tariffs on imports and deport millions of immigrants, economists expect inflation could worsen
  • making it less likely the Federal Reserve will cut its key interest rate much this year.

The article from WLWT discusses former President Donald Trump's recent comments on Truth Social where he demanded that the Federal Reserve lower interest rates. Trump criticized the current economic policies, particularly targeting Federal Reserve Chairman Jerome Powell, whom he appointed. He argued that high interest rates are stifling economic growth and making it difficult for businesses and consumers to borrow money. Trump's statements come at a time when inflation rates are a significant concern, and the Federal Reserve is attempting to manage economic stability. His call for lower rates reflects his ongoing influence within the Republican Party and his perspective on economic management, despite no longer being in office.

Read the Full WLWT Article at:
[ https://www.wlwt.com/article/trump-demand-that-interest-rates-come-down/63532943 ]
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