Former President Trump criticized Fed's 0.5% interest rate cut, suggesting economy struggles or political manipulation.

Former President Donald Trump criticized the Federal Reserve for cutting interest rates by 0.5 percentage points, suggesting the move indicated a struggling economy or political manipulation. Speaking at a bitcoin bar in New York, he described the reduction as significant, implying that the economy must be in poor shape. Fed Chair Jerome Powell defended the decision as necessary for supporting borrowers, denying any political motives behind it.

September 18, 2024
227 Articles

Further Reading