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Trump says he wants interest rate cut to 1%, would 'love' if Powell resigned

ReutersJun 27, 2025 8:54 PM

- U.S. President Donald Trump said on Friday he would love if Federal Reserve Chair Jerome Powell were to resign while also saying that he wanted interest rates cut to 1%.

"I'd love him to resign if he wanted to, he's done a lousy job," Trump said, while also labeling the Fed chair as "stupid."

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