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US President Donald Trump lashed out at Fed Chair Jerome Powell, saying interest rates should be under 1%, accusing the Fed of costing the US a fortune. He urged aggressive cuts, claiming there's no inflation. His remarks follow Treasury Secretary Bessent hinting Trump may appoint Powell successor next year. Markets held firm; QQQ and SPY are up over 6% YTD.
short by / 09:36 am on 01 Jul
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