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Trump Told the Fed to Cut Rates. It Raised Them

President Trump blamed Federal Open Market Committee chair Kevin Warsh for rate hikes amid record diesel prices of $6.53 per gallon, according to recent market reports.

Summary by 24/7 Wall St.
In early September, President Donald Trump delivered one of his most aggressive demands yet for lower interest rates. Fresh off a surprisingly strong jobs report, Trump told the Federal Reserve to cut rates and warned that he could stop trading with countries that run large trade surpluses with the United States if the Fed refused. […]

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The Motley Fool broke the news in Alexandria, United States on Tuesday, October 6, 2026.
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