Washington, United States, Jan 29, 2026 (AFP) - Trump says US Fed should 'substantially lower' interest rates

NAMPA / AFP

2026-01-29

US President Donald Trump slammed Federal Reserve Chair Jerome Powell's monetary policy on Thursday, saying the central bank should "substantially" lower interest rates a day after it paused its series of cuts. The Fed voted 10-2 on Wednesday to keep the benchmark lending rate unchanged, prompting the US leader to renew his criticism of chairman Powell. "Jerome 'Too Late' Powell again refused to cut interest rates, even though he has absolutely n......

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