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.” 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, […]
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Trump on Fed’s actions: ‘It was a big cut’
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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.”
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.
(Reporting by Kanishka Singh in Washington)