❗ Interest rate cuts are not Trump's decision
Trump's nominee for the Federal Reserve, Kevin Hassett, clarified that interest rate cut decisions come from the Federal Reserve itself and are not influenced by Trump's wishes or pressure.
This statement followed Trump's remark that "the Fed needs to listen to him" regarding interest rate decisions.
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The Fed is an independent institution, and interest rate decisions are based on economic data, not on politics.
This means the market will focus on the numbers… not on the statements.
