Fed, Trump and Powell
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Federal Reserve officials are split on whether to slash interest rates as President Donald Trump favors rate cuts based on his claim that the nation’s economy is thriving.
U.S. fiscal situation with $37 trillion in debt makes Trump's push for 1% interest rates difficult despite strong consumer spending, as Treasury yields remain market-driven.
A Trump-Powell clash could shake up interest rates, inflation and your summer spending. Here are 3 ways it might hit your wallet.