President Donald Trump declared that the Federal Reserve's 25 basis point cut was not enough and Federal Reserve Chairman Jerome Powell 'let us down.'
The Federal Reserve cut interest rates by 0.25% on Wednesday, the first rate cut in 10 years. President Donald Trump has been calling on the Fed and Chairman Jerome Powell to cut rates for months. But the cut did not do enough to satisfy the president. "As usual, Powell let us down, but at least he is ending quantitative tightening, which shouldn't have started in the first place — no inflation," Trump said. Visit Business Insider's homepage for more stories.
The Federal Reserve cut interest rates by 0.25% on Wednesday, the first rate cut in 10 years. President Donald Trump has been calling on the Fed and Chairman Jerome Powell to cut rates for months. But the cut did not do enough to satisfy the president. "As usual, Powell let us down, but at least he is ending quantitative tightening, which shouldn't have started in the first place — no inflation," Trump said. Visit Business Insider's homepage for more stories.
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