The post Trump Floats 100 BPS Fed Rate Cut Ahead of FOMC Meeting appeared on BitcoinEthereumNews.com. U.S. President Donald Trump is again pushing for a Fed rate cut ahead of the September FOMC meeting. With the committee likely to lower interest rates, the focus is now on the magnitude of the cut, although a 25 basis points (bps) cut is the most likely for now. Trump Cites Prediction Of A 100 BPS Rate Cut In a Truth Social post, the U.S. president cited Greg Faranello, who opined that the Fed needs to lower interest rates from the current benchmark. The market expert had also said that the Fed is likely to come down here by “50, 75, or maybe 100” bps. Trump also cited Jay Hatfield’s comments on how the Federal Reserve is “broken” and that it needs to be “fixed,” and that there was a need to use modern sources of information in determining when to make Fed rate cuts. The comment also suggested that Powell had done a terrible job since he adopted a 2% inflation target, as it is too low and rigid. Hatfield also opined that the Fed is following outdated data to determine monetary policy, which he claimed is a much bigger problem than the notion of Fed independence. Notably, Trump’s post comes ahead of the FOMC meeting next week, when the Fed is likely to make its first rate cut this year. However, the president believes that Powell is too late and that the committee should have made several Fed rate cuts before now. Powell had signaled at Jackson Hole that they might have to lower interest rates due to the downside risk in the labor market, which looks to be rising. As CoinGape reported, the August U.S. jobs data came in way below expectations as the U.S. economy added only 22,000 jobs last month, as against projections of 75,000.… The post Trump Floats 100 BPS Fed Rate Cut Ahead of FOMC Meeting appeared on BitcoinEthereumNews.com. U.S. President Donald Trump is again pushing for a Fed rate cut ahead of the September FOMC meeting. With the committee likely to lower interest rates, the focus is now on the magnitude of the cut, although a 25 basis points (bps) cut is the most likely for now. Trump Cites Prediction Of A 100 BPS Rate Cut In a Truth Social post, the U.S. president cited Greg Faranello, who opined that the Fed needs to lower interest rates from the current benchmark. The market expert had also said that the Fed is likely to come down here by “50, 75, or maybe 100” bps. Trump also cited Jay Hatfield’s comments on how the Federal Reserve is “broken” and that it needs to be “fixed,” and that there was a need to use modern sources of information in determining when to make Fed rate cuts. The comment also suggested that Powell had done a terrible job since he adopted a 2% inflation target, as it is too low and rigid. Hatfield also opined that the Fed is following outdated data to determine monetary policy, which he claimed is a much bigger problem than the notion of Fed independence. Notably, Trump’s post comes ahead of the FOMC meeting next week, when the Fed is likely to make its first rate cut this year. However, the president believes that Powell is too late and that the committee should have made several Fed rate cuts before now. Powell had signaled at Jackson Hole that they might have to lower interest rates due to the downside risk in the labor market, which looks to be rising. As CoinGape reported, the August U.S. jobs data came in way below expectations as the U.S. economy added only 22,000 jobs last month, as against projections of 75,000.…