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Central Banks

Trump’s Latest Attack on Fed Zooms In on Surging Debt Costs

Fed Stuck With ‘Torn’ Dual Mandate, Economist Slok Says

Takeaways by Bloomberg AI

Donald Trump is putting new spin on his months-long call for the Federal Reserve to lower interest rates: It’s important for bringing down the cost of government debt.

Soon after returning to the White House for his second term, the president began pressuring Chair Jerome PowellBloomberg Terminal to aid the economy as it transitionedBloomberg Terminal to higher tariff levels. Now, Trump says that rate cuts are needed to address what’s become one of the biggest causes of a supersized federal budget deficit.