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  - Times of India - India - 18/Jul 01:16

My rate vs your rate: Govt vs central banks

Tensions between governments and central banks are common. Governments often prefer low interest rates for economic growth. Central banks prioritize controlling inflation. This difference leads to conflict. US President Trump criticized Federal Reserve chief Jerome Powell. Historical examples include Nixon's pressure on Arthur Burns. Central bank independence is crucial. Government interference can negatively impact markets. The struggle for control continues.

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