Republican presidential nominee Donald Trump said Thursday that the Federal Reserve’s half-point interest rate cut this week was needed but also indicates a “political move” to keep Democrats in the White House, he told Newsmax.
“The country is doing badly, so you need the cut in one sense. In another sense, it really is a political move,” Trump said in an exclusive interview with Carl Higbie on “Prime News.”
It was the first rate cut by the Fed since the beginning of the COVID pandemic in March 2020, bringing rates down from a 23-year high.
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