Trump Calls for a Big Fed Rate Cut

“President Trump on Monday called for the Federal Reserve to cut its benchmark interest rate by 1 percentage point, a move that would typically be considered only when the U.S. economy is on the brink of a recession, and again criticized his own central bank chairman for a ‘horrendous lack of vision,'” the Wall Street Journal reports.

“The last time the Fed reduced rates by a full percentage point was during the 2008 financial crisis.”