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Jerome Powell, chairman of the US Federal Reserve, attends an Economic Club of Chicago event on Wednesday, April 16, 2025. During the event, Powell said President Donald Trump’s significant policy changes are unlike anything seen in modern history, putting the Federal Reserve in uncharted waters. The next day, Trump ratcheted up his criticism of Powell, calling for his “termination” for not cutting interest rates quickly enough. (Photo by Jamie Kelter Davis/Bloomberg)
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