September 18, 2019 / 11:02 PM / 25 days ago

Trump says the Fed should have acted faster but today’s action is fine

FILE PHOTO: U.S. President Donald Trump looks on as Jerome Powell, his nominee to become chairman of the U.S. Federal Reserve, speaks at the White House in Washington, U.S., November 2, 2017. REUTERS/Carlos Barria/File Photo

OTAY MESA, Calif. (Reuters) - President Donald Trump said the Federal Reserve’s decision on Wednesday to lower interest rates was “fine” but the central bank should have acted sooner.

“I think it’s fine. I think that frankly they should have acted faster,” Trump told reporters on a trip to California.

Reporting by Jeff Mason; Writing by Eric Beech; Editing by Chizu Nomiyama

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