Jinshi data news on September 19th, this morning, the Fed cut interest rates by 50 basis points for the first time in more than 4 years. Former U.S. President Trump said that the 50 basis point cut by the Fed shows, “If they are not just playing politics, then the economic situation is very bad, so they have to cut so much.” “This is a big rate cut,” Trump added. Earlier, U.S. Vice President Harris said the Fed’s decision was good news for the American people.
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Trump: Fed rate cut indicates "economy is very bad"
Jinshi data news on September 19th, this morning, the Fed cut interest rates by 50 basis points for the first time in more than 4 years. Former U.S. President Trump said that the 50 basis point cut by the Fed shows, “If they are not just playing politics, then the economic situation is very bad, so they have to cut so much.” “This is a big rate cut,” Trump added. Earlier, U.S. Vice President Harris said the Fed’s decision was good news for the American people.