Trump Says He Expects Fed to Cut Rates in September

Former President Donald Trump said he has been told the Federal Reserve plans to cut interest rates in September, adding that policy makers are unlikely to ease at their current meeting. Trump, speaking to reporters on Tuesday, also asserted the central bank should slash rates by as much as 300 basis points—a move that would represent an aggressive reversal of the Fed’s tightening cycle. The Fed has not commented on Trump’s remarks, and no official guidance has been issued on the timing or size of any future rate adjustments.