The Federal Reserve, led by Jerome Powell, implemented its third consecutive 0.25 percentage-point interest rate cut, reducing the target range to 3.50%-3.75%, a three-year low.Powell cited a need to balance employment and inflation amidst clouded economic data, while Donald Trump deemed the cut "too small" and advocated for a larger 0.50 percentage-point reduction.Trump expects aggressive future cuts from the next Fed chair, considering candidates like
Kevin Hassett and
Kevin Warsh, despite the Federal Open Market Committee's collective decision-making and current projections indicating limited future easing.