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USA Conversation

The Conversation USA

The Conversation USA

Fed rate cut bails out Trump for policies that are slowing the economy

  • Written by Rodney Ramcharan, Associate Professor of Finance and Business Economics, University of Southern California

The Federal Reserve appears to be bailing out the president.

Responding to concerns of a slowing economy – in part caused by President Donald Trump’s trade wars – the Fed cut short-term interest rates for the first time since 2008, lowering its benchmark rate 25 basis points to 2.25%.

The cut sends a message to financial markets...

Read more: Fed rate cut bails out Trump for policies that are slowing the economy

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