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It has been reported that on June 29th, local time, President Trump stated in an interview that the United States should keep interest rates at 1% or 2%. Additionally, Trump once again criticized Federal Reserve Chairman Powell during the interview. It is noted that Treasury Secretary Bessenter had earlier expressed that although Powell’s term will continue until May of next year, the U.S. government might nominate a successor as early as October this year. (Xu Tao)

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