Federal Reserve, Trump and Jerome Powell
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The central bank remains cautious, even as calls for rate cuts grow louder from the White House and other policymakers.
WASHINGTON, July 9 (Reuters) - U.S. President Donald Trump on Wednesday called on the Federal Reserve to lower the federal benchmark interest rate by at least 3 percentage points, renewing his call for the U.S. central bank to lower rates to help reduce the cost to service the nation's debt.