Trump: Fed rate cut indicates "economy is very bad"
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The Federal Reserve cut interest rates by 0.5 basis points on the 18th, the first rate cut in four years. Trump stated that this rate cut indicates a very bad economic situation and called it a big rate cut. Vice President Pence, on the other hand, believes that the rate cut is good news for Americans, emphasizing the need to continue lowering prices. Trump recently expressed his hope for the president to have more say in the Fed's interest rates and monetary policy, and stated that if elected, he would no longer appoint Powell as the Fed chairman
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