Fed Cut Interest Rates But Can’t Undo ‘Damage Created by Trump’s Chaos Economy,’ Expert Says

Photo: President Donald Trump speaks to Fed Chair Jerome Powell during a tour of the Federal Reserve in Washington, D.C., Thursday, July 24, 2025. Photo credit: Official White House Photo by Daniel Torok via Flickr. US government work. Article by Jessica Corbett. Common Dreams – December 10, 2025.

A leading economist and key congressional Democrat on Wednesday pointed to the Federal Reserve’s benchmark interest rate cut as just the latest evidence of the havoc that President Donald Trump is wreaking on the economy. The US central bank has a dual mandate to promote price stability and maximum employment. The Federal Open Market Committee may raise the benchmark rate to reduce inflation, or cut it to spur economic growth, including hiring. However, the FOMC is currently contending with a cooling job market and soaring costs. […]

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