Trump Accuses Fed of 'Playing Politics' After Half-Point Rate Cut

The Federal Reserve’s move to slash interest rates reverberated across the 2024 presidential race as Democrat Kamala Harris hailed the move as a boon for middle class families while Republican Donald Trump suggested the cut may have been politically motivated.

The heated rhetoric over the Fed’s decision to lower its benchmark interest rate by a half percentage point highlighted how the central bank — an independent institution whose Chair Jerome Powell has pledged not to allow political pressures to influence decision making — could be swaying the momentum of the 2024 presidential race with just seven weeks until Election Day.

Trump, speaking at a campaign stop at a bar in Manhattan, framed the cut as a “very unusual number” and bad news for his opponent, whatever the Fed’s motivation.

“I guess it shows the economy is very bad, to cut it by that much, assuming they’re not just playing politics,” Trump said. “The economy would be very bad, or they’re playing politics, one or the other, but it was a big cut.”

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[jamesmcdonald]

I'm no economist, but from what I heard, with our soaring debt, these cuts will eventually only lead to higher inflation. Not trying to be a smartass, but if I'm wrong, please correct me.

[texasviewpoint]

I just know the last almost 4 years has been very hard for most of us. The politicians are supposed to be there for the people and to make life as safe and prosperous as possible and thats not how its been.

[TrumpSaidWHAT]

Trump will whine about anything that he doesn't have a clue about.

[MazPower]

Just jealous that his Office could NEVER get that done

[ALWAYSBETTR]

That picture of trump with epstein and maxwell 😮hanging out

[pmoormann]

Truth Social Crashes while Market Soars

[aprileskofski]

We need Trump back. These people have no clue what they’re doing. It’s beyond ridiculous.

[Tom.]

He whines about everything. He whines when something good happens. WTH is wrong with his supporters?

[rickyboy]

It's those billionaire who owns their own charity foundations causing the problem...they have so much money..coz of not paying taxes that they could pump and dump the economy...they should update the tax system

[curiosdogg]

The miracle is how someone that size can bend the laws of physics to twist himself into a pretzel every time he speaks.

[journalistedisoncarter]

“A most notable coward, an infinite and endless liar, an hourly promise breaker, the owner of no one good quality.”

-Shakespeare

[MrTPhill]

Go look what he said about rates 5 and 6 years ago.

[ElChucoRick]

Trump is the LAST one who should comment about being "political" after he killed the Border Bill for his own political ambitions. Give us a break.

[MaxMustermann-yjwz]

With trump full point cut, fed not playing politics. Believe me 🍊

[obioraonunkwo]

Trump doesn't know business. 6 bankruptcies and ran a casino into the ground!

[MrTom-klhy]

He said we would be in a depression like the great depression if Biden was elected last time.

[patbrown]

trump said, "I hope the stock market crashes before the election." America First??? 💙

[BetOnhim-ub]

Hey trump the world is ready for a new leader what you say ill carry you if you no it cost me 100 billion

[lridge]

Its still not as low as what Trump had!

[PresidentBob]

Trump said “assuming”. What does assuming mean to you?