Federal Reserve cuts interest rate, signals two more cuts this year
Separately, Trump’s Cook firing attempt first tried to remove a FED Governor’s Central Bank on its 112 -year -old 112 -year -old year, and is seen as an unprecedented attack on the independence of the Fed by many legal scholars. He accused Cook of mortgage fraud, but the accusation came because Trump did not reduce rates much faster and upright in the context of Trump’s comprehensive criticisms for Powell and Fed.
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On Monday, the Court of Appeal approved an earlier decision that fire was violating the necessary process rights of Cook. A sub -court had previously decided that Trump had not given enough justification to remove the cook. He also voted on Monday to approve Miran’s nomination and swore on Tuesday morning.
On Tuesday, Trump said that FED officials should “make their own elections, but added that they should listen to smart people like me”. Trump said the FED should reduce the rates of three full points.
The Fed’s movement to reduce rates brings it to a different point from many other central banks abroad. Last week, the European Central Bank left without changing the comparison rate as inflation has cooled to a great extent and the economy has ever been damaged by the US tariffs. On Friday, the UK Bank’s rate is expected to remain higher than the US as 3.8 percent.
