financetom
Economy
financetom
/
Economy
/
Trump on Fed's actions: 'It was a big cut'
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump on Fed's actions: 'It was a big cut'
Sep 25, 2024 6:06 PM

WASHINGTON (Reuters) - Republican presidential candidate Donald Trump commented on the U.S. Federal Reserve's rate cut on Wednesday by saying "it was a big cut."

The Federal Reserve on Wednesday kicked off what is expected to be a series of interest rate cuts with an unusually large half-percentage-point reduction.

"To cut it by that much, assuming they're not just playing politics, the economy would be very bad," Trump told reporters.

(Reporting by Kanishka Singh in Washington)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US weekly jobless claims rise moderately
US weekly jobless claims rise moderately
Sep 12, 2024
WASHINGTON (Reuters) - The number of Americans filing new applications for unemployment benefits increased marginally last week, pointing to a still-low level of layoffs even as the labor market slows. Initial claims for state unemployment benefits rose 2,000 to a seasonally adjusted 230,000 for the week ended Sept. 7, the Labor Department said on Thursday. Economists polled by Reuters had...
Weekly Jobless Claims Post Surprise Increase
Weekly Jobless Claims Post Surprise Increase
Sep 12, 2024
12:15 PM EDT, 09/12/2024 (MT Newswires) -- Weekly applications for unemployment insurance in the US increased unexpectedly, government data showed Thursday, as the Federal Reserve prepares to begin lowering interest rates next week. The seasonally adjusted number of initial claims rose by 2,000 to 230,000 in the week ended Sept. 7, according to the Department of Labor. The consensus was...
US Treasury reports $380 billion August budget deficit
US Treasury reports $380 billion August budget deficit
Sep 12, 2024
WASHINGTON (Reuters) - The U.S. Treasury on Thursday reported a $380 billion federal budget deficit for August, a massive shift from the $89 billion surplus in August 2023 that resulted from the reversal of President Joe Biden's student loan forgiveness program. The deficit for the first 11 months of the 2024 fiscal year reached $1.897 trillion, a 24% increase from...
US fiscal 2024 deficit nears $1.9 trillion with a month to go
US fiscal 2024 deficit nears $1.9 trillion with a month to go
Sep 12, 2024
WASHINGTON, Sept 12 (Reuters) - The U.S. budget deficit reached $1.897 trillion for the first 11 months of the 2024 fiscal year, the Treasury Department said on Thursday, as annual interest costs on the public debt topped $1 trillion for the first time. The Treasury said the fiscal 2024 deficit through August was up 24% from a $1.525 trillion deficit...
Copyright 2023-2025 - www.financetom.com All Rights Reserved