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Trump pushes US Federal Reserve for rate cuts, criticizes Powell
- President Donald Trump criticized Federal Reserve Chair Jerome Powell on May 17, 2025, for not lowering interest rates promptly in Washington, D.C.
- Trump's criticism follows the Fed's decision in early May to keep interest rates steady at 4.25%–4%, marking the third such pause amid inflation concerns.
- Trump labeled Powell a fool and said the consensus urges the Fed to cut rates sooner to avoid harming economic progress as inflation cools.
- Trump expressed that the majority opinion favors the Federal Reserve reducing interest rates promptly instead of delaying such action, highlighting growing pressure for a rate cut.
- Trump's comments heightened pressure on the Fed, influencing cryptocurrency markets like Bitcoin, which showed notable price gains amid increased investor attention.
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Trump Pushes US Federal Reserve for Rate Cuts, Criticizes Powell
·New York, United States
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Coverage Details
Total News Sources22
Leaning Left3Leaning Right3Center5Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 27%
C 45%
R 27%
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