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Trump promises lower interest rates. But he doesn't have that power

Former President Donald Trump promised to lower interest rates if reelected. But the Fed, which sets the key rate, operates independently from the White House.

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Aug 3, 2024 - 08:00
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Trump promises lower interest rates. But he doesn't have that power
Former President Donald Trump promised to lower interest rates if reelected. But the Fed, which sets the key rate, operates independently from the White House.
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