Trump Calls Fed’s Rate Cut a ‘Political Move,’ According to Reuters

Trump Criticizes Fed’s Interest Rate Cut as Political Move

WASHINGTON – Republican presidential candidate Donald Trump stated on Thursday that the decision by the U.S. Federal Reserve to lower interest rates by half a percentage point was motivated by political considerations.

"It 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," Trump remarked during an interview.

The Federal Reserve recently initiated a series of expected interest rate cuts, starting with an unusually large reduction of half a percentage point.

Trump expressed his belief last month that U.S. presidents should have input on decisions made by the Federal Reserve. The chair and the board members of the Fed are nominated by the president, pending Senate confirmation. Despite this oversight, the Federal Reserve maintains significant independence in its policy-making, which has a profound impact on the largest economy in the world and global financial markets.