The Federal Reserve made a modest reduction in interest rates Wednesday in an effort to keep the U.S. economy strong, a measured approach that stopped far short of the dramatic action President Trump has demanded for months.
The small, quarter-point reduction was meant to address fears about slowing growth in Europe and parts of Asia, as well as concerns that Trump’s trade war would remain a drag on growth well into the future.
So for the second time this year the Fed has opted to cut interest rates. A sign that the economy is not necessarily performing at peak levels, or the greatest ever in the history of the country, as some would like to believe.
This cut was due in part to global economic slowing, coupled with the continued Trump Trade War©. The Fed did indicate it had little intentions of continuing to cut rates for the remainder of the year, and it appears that their target of ~2% Inflation continues to be realized and they believe will continue with this modest rate cut.
So, is this the best economy ever, if rates are needing to be cut? Were the cuts not deep enough for you?
Here is how the President felt, immediately following the release…
You can read the full statement from the Fed here…
So what say you?