With inflation topping 4%, the Trump administration is easing off its long-standing calls for the Federal Reserve to immediately cut interest rates. That is giving new Fed Chairman Kevin Warsh an extended political grace period as he deals with a challenging economic environment, but underscores the depth of the pushback he could face if the mercurial president changes his mind.
President Donald Trump said as recently as Wednesday that he wants the Fed to cut rates. Meanwhile several of the president’s top economic advisors have in recent interviews and writing stopped short of calling for near-term rate cuts, as they had before the Iran war sent some prices surging and Trump installed Warsh as the new Fed chairman.
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📍Today | The Deputy Minister in the Presidency, @NoncebaMhlauli attends the 10th Ephraim Mogale Career Expo at the Laerskool Sports Ground in Marble Hall, Limpopo.
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His Excellency President @CyrilRamaphosa underscored the importance of accelerating industrial development across the Southern African Customs Union (SACU), emphasising that stronger regional value chains and greater economic cooperation are essential to unlocking sustainable growth and shared prosperity for the region.
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