Trump rips latest rate cut, saying Fed lacks guts and vision

[Yo_Mama_Been_Loggin]

WASHINGTON - President Donald Trump blasted the Federal Reserve for delivering only a quarter-percentage point interest rate cut on Wednesday, saying the U.S. central bank and its chair, Jerome Powell, had "No 'guts,' no sense, no vision!"

"A terrible communicator," Trump said of Powell in his latest Twitter attack on the Fed and Powell, less than a half hour after the Fed announced its second rate reduction this year.

"Jay Powell and the Federal Reserve Fail Again," Trump said.

Trump had called for a larger rate cut from the Fed. He has repeatedly railed against the Fed and Powell, whom he appointed as chair, claiming that the Fed's monetary policy has been holding back U.S. economic growth.

https://www.msn.com/en-us/money/markets/trump-rips-latest-rate-cut-saying-fed-lacks-guts-and-vision/ar-AAHuqGH?li=BBnb7Kz

[unblock]

1. A half-point cut would make the financial community panic

It would send a signal that the economy is worse than it is.

[RandySF]

2. We need to curb inflation that's getting out of hand.

[Massacure]

4. Inflation isn't getting out of hand.

The inflation rate is currently under the Fed's 2% target rate and has been all year.

[calguy]

3. Guts and Vision

Two things trump knows absolutely nothing about.