Gary Richardson, a Fed historian and professor of economics at the University of California at Irvine, was more blunt: "When Trump appointed Powell, he appointed someone who's going to raise interest rates," Richardson said. "He could have chosen a dove, who wants interest rates to be low. He didn't do that.”

For the full story, please visit https://www.cbsnews.com/news/donald-trump-really-could-lower-interest-rates-heres-how/.

 

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