Path to the Fed rate cuts Trump wants may involve higher unemployment
Government
WASHINGTON: President Donald Trump may see lower Federal Reserve interest rates as a fix for two politically potent problems, the cost of servicing US$36 trillion in government debt and the high cost of home ownership, but the path there may touch a third rail elected officials typically try to avoid - rising unemployment. It is a dilemma tied to the fact that, so far, the rising import taxes and immigration crackdown imposed by Trump have been absorbed by the US and global economies with less
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