Trump’s case against Fed chair Powell
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President Donald Trump visited the Federal Reserve on Thursday, repeating calls for lower interest rates while standing alongside Fed Chair Jerome Powell. Even after reiterating his frustration with the central bank, Trump called the notion of firing Powell a "big move" that would not be "necessary."
The Fed has held its benchmark interest rate between 4.25% and 4.5% this year, though officials have penciled in two cuts by year-end.
Fed Chair Jerome Powell stays silent on the central bank's monetary policy and interest rate cut decisions in today's meeting.