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Trump demands Powell cut interest rate as Consumer Price Index rises less than expected in July
Posted
August 12, 2025
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August 12, 2025
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4:28Now PlayingPresident Trump took to Truth Social Tuesday to once again criticize Federal Reserve Chair Jerome Powell and call for a rate cut after a new Consumer Price Index report showed prices rose less than expected in July. CBS News MoneyWatch correspondent Kelly O'Grady reports.
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