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Trump says interest rates should be 'lowered' to go 'hand-in-hand' with his tariffs

  • Federal Reserve Chair Jerome Powell stated that President Donald Trump's calls for lower interest rates will not alter the central bank's rate decisions.
  • Trump declared on social media that interest rates should be lowered to coincide with new tariffs he implemented, raising tariffs on steel and aluminum to 25%.
  • The government reported a 3% rise in consumer prices in January, which complicates the Fed's plans and makes further rate cuts less likely.
  • Economists express concerns that tariffs could increase inflation, which may delay the Federal Reserve's next interest rate cut, despite previous forecasts for two cuts this year.
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Washington Times broke the news in United States on Wednesday, February 12, 2025.
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