PANews reported on September 19 that the Federal Reserve cut interest rates by 50 basis points in the early hours of today, marking the first rate cut in over four years. Former US President Donald Trump said the Fed's move indicated "the economy is really bad, if they're not just playing politics, to cut that much." "This is a big rate cut," Trump added. Earlier, US Vice President Kamala Harris called the Fed's decision good news for Americans.