Trump and his allies are crying “election interference” over the Federal Reserve’s decision to slash interest rates

After months of complaining about the crippling burden of high interest rates and expensive borrowing, Republicans for some strange reason don’t seem too happy that the Federal Reserve has moved to do something about it.

On Wednesday, the Federal Reserve announced it is cutting interest rates by half a percentage point. It’s the first cut since 2020 and a long-awaited decrease to historically high interest rates.


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    • Red_October@lemmy.world
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      1 month ago

      Which they would blame on Democrats. Any improvement under their opponents tenure has to be framed as a bad thing, lest voters notice something good happened with a Democrat in office.

      • Etterra@lemmy.world
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        1 month ago

        Also it’s something they can’t promise to do because it was just done. Kinda like how the orange idiot had his Congressional bootlickers kill the immigration bill.

        • nova_ad_vitum@lemmy.ca
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          1 month ago

          Making that promise inherently violates the independence of the federal reserve but I’m guessing none of Trump’s knuckle dragging supporters know or care.