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🚨NEW: President Trump criticizes the Federal Reserve’s 25 bps rate hike after personally selecting Kevin Warsh to lead the central bank. 🇺🇸
Wosh’s remarks last night were generally dovish, with no clear indication that rates would still be forcibly raised in October. Wosh’s exact words: High U.S. inflation was triggered by crude oil; we cannot focus only on individual data points—we need to look at the overall trend!