Fed rate cut bails out Trump for policies that are slowing the economy
- Written by Rodney Ramcharan, Associate Professor of Finance and Business Economics, University of Southern California
The Federal Reserve appears to be bailing out the president.
Responding to concerns of a slowing economy – in part caused by President Donald Trump’s trade wars – the Fed cut short-term interest rates for the first time since 2008, lowering its benchmark rate 25 basis points to 2.25%.
The cut sends a message to financial markets...
Read more: Fed rate cut bails out Trump for policies that are slowing the economy