POLITICSTHE GUARDIAN WORLD
Trump’s push to cut interest rates has echoes of ‘banana republic’, says Yellen
Former Fed Chair Janet Yellen criticized Donald Trump's push to cut interest rates, comparing it to a 'banana republic.' Yellen warned that lowering rates to reduce debt servicing costs could lead to inflation失控. Trump aims to slash rates to cut borrowing costs on the U.S. $39tn debt.
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