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President Donald Trump said he'll announce his nominee to chair the Federal Reserve next week — and prediction markets are pointing strongly to a Wall Street veteran getting the job.
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President Trump has been pressing the Federal Reserve to cut interest rates more aggressively, but the central bank voted to hold rates steady for now, as it tries to bring down inflation.
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The Federal Reserve chose to pause rate cuts, even as it faces relentless attacks from President Trump for not cutting borrowing costs fast enough.
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