Former US President Donald Trump sharply criticised the Federal Reserve on Wednesday, saying the central bank’s latest rate cut was far too modest. His comments came soon after Fed Chair Jerome Powell announced a 25-basis-point reduction in interest rates, bringing them to a range of 3.50% to 3.75%, the lowest level in three years.

Trump Says Cut Should Have Been 50 bps

Speaking to reporters shortly after Powell’s address, Trump said the Fed should have gone much further. He called the 25 bps move “rather small” and argued the reduction “could have been doubled, at least doubled.” According to Trump, the US should aim to have “the lowest rates in the world,” pointing to countries where borrowing costs are significantly lower.

His criticism is not new Trump has repeatedly pushed the Fed

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