Trump demands ‘more easing and cutting’ after Fed slashes rates amid coronavirus outbreak

President Donald Trump on Tuesday demanded that the Federal Reserve cut rates even more after the central bank announced it would slash rates by 50 basis points in an effort to combat the economic impact of the coronavirus outbreak.

The Fed “must further ease and, most importantly, come into line with other countries/competitors,” Trump tweeted.

“We are not playing on a level field. Not fair to USA. It is finally time for the Federal Reserve to LEAD. More easing and cutting!”