Trump urges interest rates below 1%
President Donald Trump requested the Federal Reserve to cut interest rates to 1% or lower after the central bank raised rates to a range between 3.75% and 4%, the highest level since 2023. Trump emphasized that interest rates should be kept very low to achieve economic growth and attract investments, asserting that the United States has the world's best credit rating, although fact-checking experts disagree with him. This demand comes amid ongoing pressure from Trump on the Fed to lower borrowing costs, and he previously threatened to cut trade with countries experiencing a trade deficit with the United States if the Federal Reserve did not reduce interest rates.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)