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Trump renews Fed attack, says rates way too high

Christopher Condon | 14 Days

The president also tweeted that the U.S. has "VERY LOW INFLATION," calling it a "beautiful thing!"

Fed officials meeting June 18-19 are expected to debate the need for a rate cut to shelter the American economy from fallout, caused in part by Trump's escalating dispute with some of the U.S.' largest trading partners.

Trump's complaints are his latest taunts of the Federal Reserve, shattering a long-standing White House tradition of public silence on monetary policy out of respect for Fed independence.

Jerome Powell, whom Trump installed as Fed chairman last year, has refused to respond to the president's criticism and repeatedly stressed policymakers would ignore political pressure as they set policy to support maximum employment and stable prices.

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