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Story summary
- U.S. President Donald Trump argues for lower interest rates to stimulate growth and reduce debt payments.
- Jerome Powell, Chair of the Federal Reserve, seeks to balance inflation and unemployment risks.
- The consumer price index has risen, and inflation remains at 2.7%, eroding purchasing power and pushing households to live paycheck to paycheck.
- The national debt has reached nearly $39 trillion, driving high interest payments that strain the federal budget.
