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president added.In a separate tweet, Trump said

s will be able to work with Trump to advance legislation on lowering prescription drug prices as well as the U.S.-Mexico-Canada trade agreement, even

Schiff "completely fabricated my words (with Zelensky) and read them to Congress as though they were said by me."Three House committees, Intelligence, Foreign Affairs and Oversight and Reform, have subpoenaed Se

as the impea
nt, I hope h

e doesn't mean he doesn't want to wo

rk together," Pe

to the escalating trade tensions between the world's top two economies, Dudley warned that such

losi said.Trump, who has been defend

ing himself thro

a monetary policy adjustment would possibly encourage "the president to escalate the trade war

ughout the pro

cess so far and who ap

further" and increase the likelihood of a recession. Thus it not only is "merely ineffectual," but also might "make things worse," he said."Yet the Fed could go much further," said Dudley, who has also served as vice chairman of the Fed's rate-setting Federal Open Market Committee. "Officials could state explicitly that the central bank won't bail out an administration that keeps making bad choices on trade policy, making it abundantly clear

that Trump will own the consequences of his actions."Dudley said his advice for the Fed would benefit the U.S. economy in three ways: discouraging further escalation of trade tension with China, reasserting the Fed's independence that has already been under

peared to be w

siege given Trump's repetitive interference, and avoiding further rate cuts when rates are already at historic low levels.Fed Chairman Jerome Powell told a conference Friday that fitting trade policy uncertainty into the central bank's policy-making framework is "a new challenge.""While monetary policy i○s a powerful tool that work

s to support consumer spending, business investment and public confidence, it cannot provide a settled rulebook for international trade," he said in p

ong!"The president has repeatedly demanded that the Fed cut rates aggressively, citing low

of the legislation she mentioned."It is just camouflage for trying to ■win an election through impeachment." the
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