US EditionTrump Says Fed Rate Cut Should Have Been at Least 50 Bps — 'Rates Should Be Lowest in the World'
Trump criticized the Federal Reserve's 0.25% rate cut as too small and urged larger cuts to boost growth, while the Fed remained divided on policy moves this year.
10 Articles
10 Articles
President Donald Trump said the Federal Reserve should have cut interest rates twice as much after the central bank made a third straight cut, maintaining its pressure campaign on President Jerome Powell.Trump called the cut a quarter point as “a fairly small figure that could have doubled, at least doubled,” and criticized Powell on Wednesday as a “rigid” and a “dead head.” “We have to adopt the mindset that, when a country is doing well, we do…
Trump says Fed rate cut should have been at least 50 bps — 'rates should be lowest in the world'
Speaking to reporters on Wednesday after Federal Reserve Chair Jerome Powell's speech following the Fed rate cut, President Donald Trump said that the 25 bps cut was ‘rather small’ and asserted that it ‘could have been doubled, at least doubled’.
Trump Says Fed Could Have ‘Doubled’ Rate Cut
President Trump on Wednesday said the Federal Reserve’s latest decision to cut benchmark interest rates by a quarter percentage point could have been “at least doubled,” CNBC reports. Trump, who has long urged the central bank to slash rates in order to spur further economic growth, called Fed Chair Jerome Powell “a stiff” who approved a “rather small” cut.
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