Republican presidential candidate and former US President Trump holds a rally at the Nassau Veterans Memorial Coliseum in Uniondale, New York, the United States, on September 18, 2024.
Brendan McDermid | Reuters
Republican presidential candidate Trump said on Thursday that the Federal Reserve’s decision to cut interest rates by half a percentage point was “a political move.”
“This is really a political move. Most people think it’s going to be half that number, and that’s probably the right thing to do,” Trump said in an interview with Newsmax.
The Federal Reserve on Wednesday launched an expected A series of interest rate cuts That’s an unusually large half-percent reduction.
Trump said last month that the U.S. president should have a say in the Fed’s decisions.
The Chairman and the other six members of the Board of Governors are nominated by the President and confirmed by the Senate. The Fed enjoys substantial operational independence and can make policy decisions that have a huge impact on the direction of the world’s largest economy and global asset markets.
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