Salem Radio Network News Friday, September 26, 2025

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Former GOP Congressman Says Powell Right Not To Lower Rates

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Not all Trump supporters agree that Fed chairman Jerome Powell should have cut interest rates this week. Former California Congrssman John Campbell [R-CA] says the Fed has to wory about TWO things, inflation and unemployment. Campbell says as a businessman and real estate investor at heart President Trump tends to see the upside of lower interest rates. But for seniors and other living off their savings the president’s sought after ONE percent drop in interest rates would amount to a 25% reduction in their annual income.

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