Trump Urges for Deeper Rate Cuts
President Donald Trump expressed satisfaction with the Federal Reserve's recent 25 basis point interest rate cut but desires further reductions. White House spokeswoman Karoline Leavitt conveyed his sentiment that additional rate decreases would be beneficial, signaling Trump's push for more aggressive monetary easing.
- Country:
- United States
In response to the Federal Reserve's decision to reduce interest rates by 25 basis points this week, President Donald Trump expressed satisfaction but also called for further cuts. According to White House spokeswoman Karoline Leavitt, Trump believes the central bank should adopt a more aggressive stance in lowering rates.
The president's remarks follow the quarter-point reduction, which he valued yet deemed insufficient. Leavitt communicated his stance during a session with reporters on Thursday, stressing that Trump feels more action is necessary.
The request for deeper cuts highlights Trump's ongoing pressure on the Federal Reserve to stimulate economic growth through more significant monetary policy adjustments.
(With inputs from agencies.)
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