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The Economic Times
The Economic Times

Trump may not see another rate cut as president

Donald Trump US Federal Reserve Kevin Warsh Interest Rates the Federal Reserve United States Inflation

As The Rolling Stones famously said, you can't always get what you want. Apparently, not even if you're the most powerful person on Earth.

The Federal Reserve on Wednesday raised its policy rate target range by a quarter of a percentage point to 3.75%-4.00%, the first rise in more than three years. U.S. President Donald Trump responded in a combative social media post, demanding once again that rates be cut: "LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST!"

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