Trump says the Fed should cut rates anyway even though US and China have agreed to trade deal

US President Donald Trump speaks after announcing and initial deal with China while meeting the special Envoy and Vice Premier of the People’s Republic of China Liu He at the Oval Office of the White House in Washington, DC on October 11, 2019.

Nicholas Kamm | AFP | Getty Images

President Donald Trump said Friday the Federal Reserve should still lower interest rates even though China and the U.S. agreed to the first part of a trade deal.

“The Federal Reserve should cut rates regardless of how good this is,” Trump said in the Oval Office. “We have a great economy, but we have a Federal Reserve that’s not in step with the rest of the world.”

“I think they ought to get in step,” he said.

The U.S. central bank has already cut rates twice this year in part because of weakness in the global…

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