Trump praises 'low' inflation data, doubles down on rate cut demands

US President Donald Trump says inflation within the nation is low sufficient for Fed chair Jerome Powell to ship “a giant, stunning reduce” to rates of interest. US shopper costs rose 2.7% in December, nonetheless considerably above the Federal Reserve’s 2% goal. In the meantime, the heads of world central banks come collectively in assist of Powell, after the Justice Division’s felony investigation in opposition to him raised issues over the Fed’s independence. 



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