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Why Trump and the Federal Reserve could clash in the coming years

Trump campaigned on the promise that his policies would reduce high borrowing costs and lighten the financial burden on American households. But what if interest rates remain elevated?

Federal Reserve chair Jerome Powell speaks at the DealBook Summit in New York, Wednesday, Dec. 4, 2024. (AP Photo/Seth Wenig)
Federal Reserve chair Jerome Powell speaks at the DealBook Summit in New York, Wednesday, Dec. 4, 2024. (AP Photo/Seth Wenig)
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Trump campaigned on the promise that his policies would reduce high borrowing costs. But what if interest rates remain elevated?

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