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Kiplinger
Kiplinger
Business
Sean Jackson

What Happens To Mortgage and Savings Rates If Trump Fires Federal Reserve Governors?

Fed chair jerome powell fed governor lisa cook.

There's a policy tug of war happening, and your savings account and mortgage are in the middle of it.

On one side, President Donald Trump is demanding that the Federal Reserve cut interest rates. On the other hand, Fed Chair Jerome Powell is taking a wait-and-see approach to how the economic situation will play out.

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