What happens if the Fed slashes rates to 1% like Trump wants?

marketplace.org/story/2025/08/28/what-happens-if-the-fed-slashes-rates-to-1-like-trump-wants

The attacks on the Federal Reserve’s independence that President Donald Trump ramped up this week are driven by his desire for lower interest rates. The president has argued that the Federal Reserve should slash the federal funds rate to 1%, which is more than three percentage points…

This story appeared on marketplace.org, 2025-08-29 09:48:37.691000.
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