Trump tweeted that he wants even more rate cuts.
The Federal Reserve announced Tuesday that it is cutting interest rates by half a percentage point, an emergency move designed to bolster the U.S. economy amid risks posed by the coronavirus outbreak, which is expected to endanger economies around the world.
“The fundamentals of the U.S. economy remain strong,” the Fed’s rate-setting committee said in a statement on the cut. “However, the coronavirus poses evolving risks to economic activity.” “The Federal Reserve is cuting [sic] but must further ease and, most importantly, come into line with other countries/competitors,”. “We are not playing on a level field. Not fair to USA. It is finally time for the Federal Reserve to LEAD. More easing and cutting!“
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