Trump calls for large interest rate cut a day before Fed to make decision

 President Donald Trump kept up the pressure on the Federal Reserve, calling Tuesday for the central bank to enact a substantial interest rate cut.

The call, made during an exchange with reporters, comes as the policymaking Federal Open Market Committee convenes for its two-day meeting, during which it is widely expected to approve a 25 basis point cut in the central bank’s benchmark overnight funds rate.

Trump added that he has been disappointed in the Fed and believes the economy would have been better off without the rate hikes that began in December 2015. 

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