Trump Decries Fed Rate Cut as ‘Political Move’ That Won’t Work
Fri, Sep 20, 2024 5:18 PM

Trump Decries Fed Rate Cut as ‘Political Move’ That Won’t Work

A Flip by Shubhangi Gupta
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Republican presidential candidate Donald Trump said the Federal Reserve’s decision to lower its benchmark interest rate by a half percentage point was a “political move” and that a smaller cut would have been preferable. The former president appeared to then level criticism at Fed Chairman Jerome Powell, saying he “missed the inflation.”

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