About this episode
The Federal Reserve is expected to make a modest cut to interest rates this week of about a quarter or half a percentage point. President Trump, however, believes they should take a far more aggressive approach: a 3-percentage point cut. Today on the show, we examine what a 3-percentage point cut would actually look like, and why that outcome would likely backfire on the president. Related episodes: It's hard out there for a Fed chair Should presidents have more of a say in interest rates? Can the Federal Reserve stay independent? For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org . Fact-checking by Sierra Juarez . Music by Drop Electric . Find us: TikTok , Instagram , Facebook , Newsletter . Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy