Trump demands 1% or lower interest rate after first Fed hike since 2023
- On Wednesday, President Donald Trump demanded the Federal Reserve slash interest rates to 1% "or less," hours after the central bank announced its first rate hike since 2023.
- The Federal Reserve announced the rate hike to combat rising inflation driven by the war in Iran, marking the first such increase in over three years.
- Trump argued on Truth Social that rates should be 1% because the United States is the "Best Credit in the World," claiming stopping trade with deficit nations would generate $1.5 Trillion Dollars annually.
- Federal Reserve Chair Kevin Warsh, nominated by Trump this year, refused to discuss private conversations with the president when addressing reporters after the announcement.
- Trump insisted the Federal Reserve "LOWER THE INTEREST RATES FOR THE UNITED STATES" quickly, asserting the nation is "carrying" almost every country in the world and this arrangement cannot continue.
124 Articles
124 Articles
Trump blames Fed board, not Warsh, for rate hikes
President Trump Wednesday praised Federal Reserve Chair Kevin Warsh, blaming the board instead for the interest rate increase. “I'm relying on Kevin, but he's got a very tough board,” Trump told reporters after landing in North Carolina. “He's got a board that was put there by a lot of other people.” “I told Kevin, I...
Trump Demands Drastic Rate Cuts
President Trump has a very different number in mind for interest rates than the Federal Reserve does. After the Fed thought its key rate on Wednesday for the first time since 2023, Trump posted on Truth Socia l that US rates "should be 1%, or less," arguing the country is...
Trump lashed out at the Fed for raising interest rates to combat inflation, asserting that the U.S. has the best credit rating in the world.
The White House called the decision "unfortunate" - The Fed "sees" another increase by the end of the year
We’re the best credit: Trump calls for lower US interest rates after Fed’s first rate hike since 2023 - The Tribune
US President Donald Trump called for sharply lower interest rates after the Federal Reserve raised its benchmark rate to a 3.75% to 4% range, its first hike since 2023. The White House criticised the move as unfortunate, while Fed Chair Kevin Warsh defended it to combat persistent inflation.
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