The economy would take off like a "rocket" if the Fed cut rates

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President Donald Trump announces his candidacy for Federal Reserve Chairman Jerome Powell (left) at the White House Rose Garden in Washington, DC on November 2, 2017.

Saul Loeb | AFP | Getty Images

President Donald Trump announces his candidacy for Federal Reserve Chairman Jerome Powell (left) at the White House Rose Garden in Washington, DC on November 2, 2017.

President Donald Trump told reporters on the White House lawn on Friday that if the Federal Reserve lowered interest rates, then the US economy would climb like "a rocket ship".

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