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Trump Promises Lower Interest Rates, but the President Doesn’t Control Those

The Federal Reserve sets interest rates, and it operates independently of the White House. But rates could come down as inflation cools.

Jeanna Smialek
Author: Jeanna Smialek

Written by

Jeanna Smialek

in

Federal Reserve System, Inflation (Economics), Interest Rates, National Assn of Black Journalists, Powell, Jerome H, Presidential Election of 2024, Trump, Donald J, United States Economy, United States Politics and Government
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