ChainCatcher reports that the Federal Reserve cut interest rates by 50 basis points early this morning, the first rate cut in over four years. Former US President Donald Trump stated that the Fed's 50 basis point rate cut shows "the economy is in very bad shape, assuming they're not just playing politics, to cut this much." "This is a big cut," Trump added. Earlier, US Vice President Kamala Harris called the Fed's decision good news for Americans. (Gold Ten)