President Trump is currently saying that the Fed should have cut interest rates by 1% or lower today.
Before today’s rate increase, the Fed’s target federal funds rate was in the range of 3.50%–3.75%, and it has now risen to 3.75%–4.00%.
This means that after today’s rate hike, President Trump is calling on the Fed to cut by at least 300 basis points (3%).
Currently, the largest rate cut in a single Fed meeting in U.S. history is 100 basis points, which was carried out in 2020 and 2008.
President Trump’s plan implies a rate cut three times the current record.
The upcoming fourth quarter is definitely worth watching!
Before today’s rate increase, the Fed’s target federal funds rate was in the range of 3.50%–3.75%, and it has now risen to 3.75%–4.00%.
This means that after today’s rate hike, President Trump is calling on the Fed to cut by at least 300 basis points (3%).
Currently, the largest rate cut in a single Fed meeting in U.S. history is 100 basis points, which was carried out in 2020 and 2008.
President Trump’s plan implies a rate cut three times the current record.
The upcoming fourth quarter is definitely worth watching!
