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flag President Trump pressures Fed Chair Powell to cut interest rates, citing economic benefits.

flag President Trump called for the Federal Reserve's board to take control from Chair Jerome Powell, criticizing Powell for not cutting interest rates. flag Trump labeled Powell "stubborn" and argued that lower rates would boost economic growth and reduce debt costs. flag Despite the Fed's preferred inflation measure being at 2.6%, Trump wants a three-percentage-point cut, which could risk accelerating inflation. flag Trump can appoint a new Fed chair in May 2026 with Senate approval.

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