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Behind this elaborate political theater is the White House's unconventional campaign to press for a rate cut - both demanding a big cut and signalling that Mr. Powell will not be fired - to maintain the Fed's apparent independence while continuing to erode its credibility.
Behind this elaborate political theater is the White House's unconventional campaign to press for a rate cut - both demanding a big cut and hinting that Mr. Powell will not be sacked - to preserve the Fed's apparent independence while steadily undermining its credibility. Click to view
2025-07-24 23:12:09
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