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Trump goes to war with the Fed

US President Donald Trump speaks during a swearing in ceremony for Dr. Mehmet Oz as Medicare and Medicaid Services Administrator in the Oval Office at the White House on April 18, 2025 in Washington, DC. [AFP]

Donald Trump's simmering discontent with the US Federal Reserve boiled over this week, with the president threatening to take the unprecedented step of ousting the head of the fiercely independent central bank.

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