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Economic News

New Fed Chair May Not Grant Trump Lower Rates

Details
12 January 2026
President Trump may be able to appoint a loyalist to chair the Federal Reserve Board, but that doesn't guarantee he'll get meaningfully lower interest rates.The Fed can only control short-term interest rates, most notably the federal funds rate-the rate banks charge each...

Original Source:

https://www.newsmax.com/finance/economy/federal-reserve-chairman-jerome-powell/2026/01/12/id/1241796

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