Federal Reserve rate cut imminent? Trump: "Powell is ready"

1. President Trump said he understood the Fed would begin cutting interest rates after meeting with Fed Chair Powell.
2. Russell Vought, director of the White House Office of Management and Budget, also pressed for rate cuts in a CNBC interview, saying the Fed needs a comprehensive review.
3. Financial markets remain cautious, with a rate freeze considered likely at the next FOMC meeting, and a possible cut expected to become a serious prospect after September.

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