Trump Says Fed Should Have Cut Rates by Even More
President Donald Trump has criticized the Federal Reserve's decision to lower the benchmark federal funds rate by a quarter-point, stating that the cut "could have been doubled, at least doubled." Trump referred to Federal Reserve Chairman Jerome Powell as a "stiff" and a "dead head." The Federal Open Market Committee voted 9-3 on Wednesday to lower the federal funds rate to a range of 3.5%-3.75%. Trump's comments suggest he believes the Fed should have implemented a more substantial rate cut to stimulate the economy further. The article does not provide additional context or analysis, focusing solely on Trump's public criticism of the Federal Reserve's monetary policy decision.
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