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The Economic Times

National / The Economic Times

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Trump says inflation data means Fed can cut interest rates

President Trump cited low December inflation figures, which came in below expectations, as a reason for Federal Reserve Chair Jerome Powell to cut interest rates. Despite Trump's repeated calls for rate reductions, consumer prices rose from November, reinforcing expectations that the Fed will keep rates unchanged. The administration's investigation into Powell has drawn significant criticism.

13 Jan 2026 9:58 pm