The Daily Beast
The Federal Reserve cut its key interest rate by 0.5 percent, or 50 basis points, on Tuesday, thrusting it into the center of a political firestorm.Donald Trump quickly weighed in to suggest that the panel could be “playing politics” with its decision, given its proximity to November’s presidential election.Asked for his reaction at a New York City campaign stop, the former president said, “I guess it shows the economy is very bad to cut it by that much—assuming they’re not just playing politics