{"id":137613,"date":"2024-09-20T20:00:27","date_gmt":"2024-09-20T17:00:27","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137613"},"modified":"2024-09-20T14:18:03","modified_gmt":"2024-09-20T11:18:03","slug":"donald-trump-calls-fed-rate-cut-a-political-move-criticizes-powells-timing","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/donald-trump-calls-fed-rate-cut-a-political-move-criticizes-powells-timing\/","title":{"rendered":"Donald Trump Calls Fed Rate Cut a “Political Move,” Criticizes Powell’s Timing"},"content":{"rendered":"

In an interview with Newsmax, Trump remarked, \u201cIt really is a political move. Most people thought it was going to be half of that number, which probably would have been the right thing to do. So it\u2019s a political move to try and keep somebody in office, but it\u2019s not gonna work, because the inflation has been so bad.\u201d<\/em><\/p>\n

He went on to express discontent with Fed Chairman Jerome Powell, claiming he “missed the inflation” indicators. \u201cThey missed it. They missed the number. They\u2019re either too early or too late. Now they\u2019re too early. Before they were too late. But inflation is already done,\u201d Trump added.<\/p>\n

This half-point cut marks the Federal Reserve’s first reduction in over four years, following a lengthy period of maintaining rates at their highest levels in two decades.<\/p>\n