Trump calls for Fed rate cuts to 1% or lower, implying a 300 basis point reduction — 3x the largest single-meeting cut in U.S. history.
Macro & Markets ·
President Trump called for the Federal Reserve to cut interest rates to 1% or lower, which would require at least a 300 basis point reduction from the current target range of 3.75% to 4.00%. The proposed cut would be three times larger than the 100 basis point reductions seen in 2020 and 2008, which represent the largest single-meeting rate cuts in U.S. history.