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Independence of central banks tested by Trump attacks on US Fed
Independence of central banks tested by Trump attacks on US Fed
Economy
by  AFP

For months, US President Donald Trump has been piling pressure on the Federal Reserve over delayed cuts to interest rates, casting the institution's independence into doubt. Cutting interest rates helps households borrow for consumption and businesses for investment, promoting growth but at the risk of spurring inflation.

New Fed governor says was not told how to vote by Trump
New Fed governor says was not told how to vote by Trump
Economy
by  AFP

Donald Trump's pick to join the US Federal Reserve said Friday that he did not speak to the president about how to vote on interest rates ahead of the central bank's meeting this week. Miran was the sole dissenter to the Fed's decision this week to cut interest rates by a quarter point, instead favoring a bigger half-point reduction -- more in line with Trump's frequent demands for slashing rates.