Former President Donald Trump responded on Wednesday to the news that the Federal Reserve had moved to cut interest rates by a dramatic 0.5%, saying that there were only two possible reasons for such an aggressive move.
According to Trump, the only truly legitimate reason to slash interest rates by that much would be to spur on a sluggish economy — a move that certainly would seem warranted as prices at the grocery store remain stubbornly high and recent jobs numbers have had to be revised downward.
But the former president also acknowledged that the move could be more political than practical, given the fact that the rate cut was announced with less than two months to go before the 2024 presidential election on November 5.
The Wall Street Journal’s Alex Leary posted Trump’s initial response via X, saying, “Trump visits bitcoin bar in NYC. On the FED, he says: ‘I guess it…
