Former President Donald Trump suggested Wednesday the Federal Reserve’s decision to cut interest rates by half a point could be politically motivated.
When asked during a campaign stop in New York City for his reaction to the interest rate cut, Trump said it reflects either “the economy is very bad” or the Fed is “playing politics” with how it sets interest rates.
“I guess it shows the economy is very bad to cut it by that much, assuming they’re not just playing politics. The economy would be very bad or they’re playing politics, one or the other. But it was a big cut,” Trump said.
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