Trump's claim that the Fed's 50-basis-point cut was politically motivated sparks criticism from Kamala Harris' campaign.
Sectors & Industries
September 23, 2024
Vice President Kamala Harris' campaign criticized Donald Trump for labeling the Federal Reserve's 50-basis-point rate cut a "political move." Trump argued that a smaller 25-point cut was more appropriate and suggested political motives behind the decision. Harris' team called his response reckless, highlighting Trump's previous calls for executive control over the Fed.
This exchange occurred ahead of Trump’s scheduled speech in North Carolina, where he is expected to discuss economic issues. Although Trump holds an advantage over Harris on handling the economy, Harris leads by more than 2.5% with less than two months remaining until Election Day.
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