Trump: Fed rate cuts show U.S. economy is "very bad" or Fed is "playing politics"
On September 19, former U.S. President Trump stated that the Federal Reserve's decision to cut the benchmark interest rate by 50 basis points indicates that the U.S. economy is "very bad," or that the Federal Reserve is "playing politics."
During a press interview, Trump said: "I think if they're not playing politics, a big cut like this means the economy is very bad. Either the economy is very bad, or they're playing politics, one or the other. But this is a big cut."
Harris, in a statement, viewed this decision as "particularly welcome news for Americans bearing the burden of high prices." Her statement exposed that inflation is an important political burden for her, as severe inflation has severely impacted American households and disappointed voters on Biden's handling of the economy.
