Trump Advocates for Aggressive Fed Rate Cuts Ahead of FOMC Meeting

Former U.S. President Donald TRUMP has intensified his calls for the Federal Reserve to slash interest rates, proposing a dramatic 100 basis point reduction. His remarks align with commentary from Greg Faranello of AmeriVet Securities, who suggested the Fed could cut rates by 50-100 bps in coming months. The pressure comes as markets price in a 91% probability of a 25 bps cut at September's FOMC meeting.

August's disappointing jobs report, showing just 22,000 new positions, adds fuel to the dovish argument. Fed Governor Waller has already voiced support for multiple cuts within six months. Trump's intervention highlights growing scrutiny of the Fed's 2% inflation target, which critics like investment manager Jay Hatfield call outdated in today's economic landscape.