It shows US economy is very bad: Trump as Fed cuts rates by 50 bps

US Presidential candidate Donald Trump commented on the interest rate cut of 50 bps by the Federal Reserve. "It shows the [US] economy is very bad to cut [interest rates] by that much, assuming [the Fed] is not just playing politics," Trump said. This was the first cut by the Fed since the early days of the 2020 COVID-19 pandemic.