Trump Promises Lower Rates Which He Can’t Control

“Donald Trump promised lower interest rates — which a president does not actually control — if he is elected,” the New York Times reports. “The president exerts no direct control over interest rates. The Federal Reserve sets a key policy rate, which then trickles out to influence borrowing costs across the economy, and the Fed is independent from the White House.”

Topics:  donald trump   new york times    the   federal reserve   white   house   fed   rates   control   president   interest   
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