According to Jinshi’s report on September 19th, the Federal Reserve cut interest rates by 50 basis points early this morning, the first rate cut in more than four years. Former US President Trump said that the Federal Reserve’s 50 basis point rate cut shows that “if they are not just playing politics, the economic situation is very bad, so they have to cut so much.” “This is a big rate cut,” Trump added. Previously, US Vice President Harris said that the Fed’s decision was good news for Americans.
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Trump: Fed rate cut shows "economy is very bad"
According to Jinshi’s report on September 19th, the Federal Reserve cut interest rates by 50 basis points early this morning, the first rate cut in more than four years. Former US President Trump said that the Federal Reserve’s 50 basis point rate cut shows that “if they are not just playing politics, the economic situation is very bad, so they have to cut so much.” “This is a big rate cut,” Trump added. Previously, US Vice President Harris said that the Fed’s decision was good news for Americans.