What happens if Trump gets the interest rate he wants?
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What happens if Trump gets the interest rate he wants?
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About this listen
President Donald Trump has been relentlessly trying to increase control over the Federal Reserve, most recently with his attempt to fire Fed Governor Lisa Cook. The Fed controls the Federal Funds Rate, which is currently at around 4.5%; the president wants it down to 1%. So, what if that happened? We'll outline the ripple effects. Also: Nvidia didn't meet Wall Street’s lofty expectations, and Cracker Barrel’s logo saga shows us the power of upset consumers.
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