Trump criticizes Fed for inflation; Powell defends rate decisions amid market speculation.

Former President Donald Trump criticized the Federal Reserve and Chair Jerome Powell for their handling of inflation, blaming their focus on social and environmental issues. Trump promised to combat inflation by increasing domestic energy production, cutting regulations, and boosting manufacturing if he returns to office. The Fed maintained interest rates at 4.25%-4.5%, with market expectations for rate cuts in the coming months shifting.

2 months ago
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