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Trump demands that Federal Reserve board wrest full control of central bank from Fed Chair Powell

Trump demands that Federal Reserve board wrest full control of central bank from Fed Chair 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. Posting on his Truth Social platform, Trump called Powell “stubborn.” The Fed chair has been subjected to vicious verbal attacks by …

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