On September 19, former US President Donald Trump said that the Federal Reserve's decision to cut interest rates by 50 basis points showed that the US economy was "very bad," or that the Fed was "playing politics."

"I think that if they're not playing politics, that's a very bad sign for the economy, that kind of a cut," Trump said in an interview with reporters. "Either the economy's very bad, or they're playing politics. It's one or the other. But it's a big cut."

Harris, in a statement, called the decision "particularly welcome news for Americans bearing the brunt of high prices." Her statement revealed that inflation was a significant political liability for her, as it has hit American households hard and left voters disappointed with Biden's handling of the economy.