President Trump says the Fed was right to stop cutting interest rates
President Donald Trump stunned reporters on Sunday night when he praised the Federal Reserve’s decision to hit pause on its rate cuts. “I’m not surprised,” he said as he arrived in Washington aboard Air Force One. “Holding the rates at this point was the right thing to do.”
Now this is a complete 180 for a man who spent much of the past year relentlessly demanding that the Fed cut rates immediately. During his second day back in office, Trump flatout said he was gonna force chair Jerome Powell into cutting rates one way or another.
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