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There are new developments in American politics and finance!
The latest news is that President Trump has spoken, saying he will not fire Federal Reserve Chairman Powell, and he has urged Powell to lower interest rates.
Why is Trump so eager to call for a rate cut? It turns out he believes the U.S. has a large amount of short-term debt, and he prefers long-term low-interest debt. He even made an analogy, saying if interest rates drop by 1%, then the U.S. would pay 1% less in interest! Will this rate cut actually happen? What impact will it have on the U.S. economy and financial markets? Let's dig deeper together; we might discover new economic trends.
