It shows US economy is very bad: Trump as Fed cuts rates by 50 bps
Mansi Agarwal, Published on Sep 19th, 2024
US Presidential candidate Donald Trump commented on the interest rate cut of 50 bps by the Federal Reserve. "It shows the [US] economy is very bad to cut [interest rates] by that much, assuming [the Fed] is not just playing politics," Trump said. This was the first cut by the Fed since the early days of the 2020 COVID-19 pandemic.
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