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Donald Trump's seven-word claim on Fed policy needs 'a reality check': expert
Trump Wants Cheap Money After Setting the House on FirePower, Not CommentaryThe story is simple enough on its surface: Trump is pressing the Federal Reserve to cut rates, while markets and inflation data are moving the other way. But the real issue is not whether the Fed should indulge him. It is that the president is trying to subordinate monetary policy to his own political and fiscal needs while pretending the economy is merely a matter of opinion.The Decision MakerActual institutional power sits with the Fed, specifically the FOMC, not with a president yelling into cameras. The source…
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