Trump Says He Hopes for Rate Cuts but Defers Decision to Fed Chair Powell

According to Odaily, U.S. President Trump said today on Air Force One that he hopes to see interest rates decline but will defer the rate-cutting decision to Federal Reserve Chair Powell. Trump noted that the nation is in good condition and the market should rise. He emphasized he does not object to Powell lowering rates and will leave the October rate-cut decision to Powell's discretion.
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