Trump Expects a ‘Big Cut’ From Federal Reserve This Week

President Donald Trump predicted a “big cut” from the Federal Reserve this week ahead of a pivotal meeting at which the central bank’s governors are expected to ease policy for the first time in nine months.

“I think you have a big cut,” Trump told reporters on Sunday on his way back to Washington. “It’s perfect for cutting.”

The Fed is widely expected to cut interest rates on Sept. 17 as it grapples with a slowing labor market, stubborn inflation and an unprecedented push by Trump for lower borrowing costs. The median estimate from a Bloomberg survey of ...