Summary
President Donald Trump criticized the Federal Reserve for cutting interest rates by only a quarter-point, which he believed was too small. He argued that larger cuts would help the economy grow more and said worries about inflation were holding back economic progress.
Key Facts
- President Donald Trump wanted a bigger interest rate cut from the Federal Reserve.
- The Federal Reserve cut rates by a quarter-point.
- Trump called the rate cut a “rather small number.”
- He believes higher borrowing costs limit economic growth.
- Trump suggested that deeper cuts would boost economic expansion.
- He argued inflation concerns were preventing stronger growth.
- Trump believes the economy could grow more than 3 or 4%.
