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Economic news

Trump on Fed’s actions: ‘It was a big cut’

09/18/2024

Less than a minute

2024.09.18 17:25

WASHINGTON (Reuters) – Republican presidential candidate Donald Trump commented on the U.S. Federal Reserve’s rate cut on Wednesday by saying “it was a big cut.”

© Reuters. FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump speaks during a campaign town hall meeting, moderated by Arkansas Governor Sarah Huckabee Sanders, in Flint, Michigan, U.S., September 17, 2024. REUTERS/Brian Snyder/File Photo

The Federal Reserve on Wednesday kicked off what is expected to be a series of interest rate cuts with an unusually large half-percentage-point reduction.

“To cut it by that much, assuming they’re not just playing politics, the economy would be very bad,” Trump told reporters.

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09/18/2024

Less than a minute