Trump: Fed rate cut indicates "economy is very bad"
The Federal Reserve cut interest rates by 0.5 basis points on the 18th, the first rate cut in four years. Trump stated that this rate cut indicates a very bad economic situation and called it a big rate cut. Vice President Pence, on the other hand, believes that the rate cut is good news for Americans, emphasizing the need to continue lowering prices. Trump recently expressed his hope for the president to have more say in the Fed's interest rates and monetary policy, and stated that if elected, he would no longer appoint Powell as the Fed chairman
Jinshi Data, September 19th news, early this morning, the Federal Reserve cut interest rates by 50 basis points, the first rate cut in over 4 years. Former U.S. President Trump said that the 50 basis point rate cut by the Federal Reserve shows that "if they are not just playing politics, then the economic situation is very bad to warrant such a large cut." "This is a significant rate cut," Trump added. Previously, U.S. Vice President Harris said that the Federal Reserve's decision is good news for Americans