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Wall Street executives warn Trump: Stop attacking the Fed and credit card industry AP NewsThe biggest hurdle to Trump's credit card proposals? His own party. PoliticoBanks warn consumers will be hurt by Trump's 10% cap on credit card interest rates ReutersJPMorgan Chase says banks could fight Trump credit card rate cap: 'Everything's on the table' CNBC
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The biggest hurdle to Trump's credit card proposals? His own party. PoliticoWall Street Is Suddenly on the Defensive With the President The Wall Street JournalBanks warn consumers will be hurt by Trump's 10% cap on credit card interest rates ReutersWall Street executives warn Trump: Stop attacking the Fed and credit card industry AP News
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Banks say a proposed 10% cap on credit card interest rates would result in fewer credit card accounts for Americans and a hit to the U.S. economy.
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Trump allies fear that the inquiry into the Fed chair could complicate the process of replacing him this year.
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Federal Reserve Chair Jerome Powell has drawn all sorts of support after disclosing that the Trump administration's Department of Justice has threatened him with a criminal indictment over his testimony about building renovations.
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CPI Report Live Updates: Inflation Steady at 2.7% as Fed Considers Interest Rates The New York TimesCPI Report Shows Food Prices Rose Sharply in December The New York TimesHere's the inflation breakdown for December 2025 — in one chart CNBCSoft inflation report boosts Trump amid affordability push Politico
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US approves sale of Nvidia's advanced H200 chips to China BBCUS Clears Path for Nvidia to Sell H200s to China Via New Rule Bloomberg.comTrump Administration Enacts Security Rules for Nvidia's China Chip Sales The Wall Street JournalUS gives green light to Nvidia H200 chip exports to China Yahoo FinanceNvidia Stock Meanders Ahead Of Taiwan Semiconductor's Results; Is Nvidia A Buy Or Sell Now? Investor's Business Daily
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The defense comes after Jerome Powell pushed back on what he described as pressure by the Trump administration to cut interest rates in the United States.
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There's more to the probe aimed at the Federal Reserve chair than meets the eye.
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A 10% cap on interest rates could mean a big hit to earnings at companies like Capital One and Synchrony. But a Jefferies analyst says it's "highly unlikely" that Trump gets his way.
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A rise to record highs in gold and silver after another tumultuous weekend for news headlines tied to Trump and the Federal Reserve, and to growing tensions in Iran, Venezuela, and Greenland, shows that a commodities supercycle is "firmly intact."
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