US President Donald Trump says inflation in the country is low enough for Fed chair Jerome Powell to deliver “a big, beautiful cut” to interest rates. US consumer prices rose 2.7% in December, still significantly above the Federal Reserve’s 2% target. Meanwhile, the heads of global central banks came together in support of Powell, after the Justice Department’s criminal investigation against him raised concern over the Fed’s independence. Business#Trump #praises #quotlowquot #inflation #data #doubles #rate #cut #demands1768352830
Trump praises "low" inflation data, doubles down on rate cut demands
