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Fed raises rates despite pressure from Trump to cut borrowing costs

Fed raises rates despite pressure from Trump to cut borrowing costs
Photo: WXYZ Channel 7 (ABC Detroit) - News · view original

For the first time in more than three years, the Federal Reserve increased interest rates, a move likely to make borrowing more expensive for consumers and businesses. The decision came despite opposition from President Donald Trump, who has repeatedly called on the Federal Reserve and its chair,...

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