Trump Calls for Interest Rates to Be Cut to 1% or Lower Following Fed Rate Hike
U.S. President Donald Trump publicly demanded that the Federal Reserve reduce interest rates to 1% or lower, just hours after the central bank announced its first rate increase since March 2023. The Fed raised benchmark interest rates by a quarter percentage point, bringing them to a target range of 3.75%-4%. This decision was made unanimously by the Federal Open Market Committee. Trump criticized the current economic burden on the U.S., stating that it is
Topics: Donald Trump Federal Reserve Interest Rates Monetary Policy