Fed Chair Jerome Powell, former President Donald Trump
Fed Chair Jerome Powell and former President Donald Trump.
  • Trump told Bloomberg Businessweek the Fed should not cut rates before the presidential election.
  • However, some economists and lawmakers say cuts should happen soon.
  • The Fed has two interest rate decisions before November; traders expect cuts to start in September.

Former President Donald Trump said the Federal Reserve should not cut interest rates before the presidential election, according to an interview he did with Bloomberg Businessweek.