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AP FACT CHECK: Trump challenges Fed with dubious theory
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AP FACT CHECK: Trump challenges Fed with dubious theory
President Donald Trump is flipping interest-rate theory on its head as he tries to blame the Fed for holding back growth. Trump went after the Federal Reserve on Friday after advancing a dubious argument this week that blue-collar workers have gained the most from the strong stock market. TRUMP on Twitter: 'Because of the faulty thought process we have going for us at the Federal Reserve, we pay much higher interest rates than countries that are no match for us economically.
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