Trump's 'Rocket Fuel' Rate Cut Bid Falls Flat
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- Trump sought interest rate cuts he dubbed "Rocket Fuel" for the economy but is losing that fight so far, with no cuts materializing.
- Fed Chair pick Warsh "would love" to lower rates per Trump's account, yet reports suggest Warsh might push to raise them instead — and Trump continues to stand by his "brilliant" pick despite the divergence.
Why it matters: Trump is publicly defending a Fed Chair nominee whose policy instincts may run counter to his own rate-cut agenda, meaning the president is left without either the cuts he wanted or an aligned central bank chief to deliver them.
