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Trump calls on the Federal Reserve board to take full control of the central bank from Powell
WASHINGTON (AP) — President Donald Trump on Friday called for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell, criticizing the head of the U.S. central bank for not cutting short-term interest rates.
Adriana Kugler will resign from her role as a Federal Reserve governor — opening up a vacancy on the board as President Trump ...
The Fed brushed off repeated calls from President Trump for a cut, though two members voted to reduce borrowing costs.
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