On Wednesday, the Federal Reserve announced it is cutting interest rates by half a percentage point.

Its the first cut since 2020 and a long-awaited decrease to historically high interest rates.

Trump suggested the Fed may be playing politics during an event in New York on Wednesday.

Trump Grasps for Votes in New York: ‘What Do You Have to Lose?’

Trump in Uniondale, New York, on Sept. 18DAVID DEE DELGADO/AFP via Getty Images

The economy would be very bad, or theyre playing politics.

But it was a big cut.

At a rally in North Carolina earlier on Wednesday, a reporter asked Trumps vice presidential pick J.D.

Vance for his reaction to the rate cut.

Right-wing commentators on X, formerly Twitter, are also alleging a conspiracy.

Either the economy is about to crash OR theyre trying to rig the election.

Thank god for the independence of the Fed!