As the Jerome Powell-led Federal Reserve cut rates by 25 basis points on Wednesday, President Donald Trump signalled his displeasure, saying that a 50 basis points cut would have been more appropriate.
Speaking to reporters on Wednesday after Powell’s speech, Trump said that the 25 bps cut was “rather small” and asserted that it “could have been doubled, at least doubled”.
The US President also said that the rates set by the Fed should “be the lowest in the world.”
(This is a developing story. Check back for updates)