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New York Times Business · Dec 8, 2025 10:03 AM EST Macro

Powell Faces Pressure From Multiple Fronts as Fed Prepares to Cut Rates

The chair of the central bank is dealing with internal divisions while being besieged by President Trump and front-runners jockeying to replace him.

Powell Faces Pressure From Multiple Fronts as Fed Prepares to Cut Rates
Image New York Times Business

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