Trump demands 1% or lower interest rate after first Fed hike since 2023
Trump said U.S. rates should be 1% or less and urged cuts fast after the Federal Reserve raised its benchmark rate by 0.25 percentage points.
- 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.
172 Articles
172 Articles
After the Fed interest rate increase, Trump sharply attacks the Federal Reserve Board. Fed CEO Warsh soberly justifies the move.
Confronted with persistent inflation, US Central Bank President Kevin Warsh raised his rates and proved his independence from a Donald Trump who hoped otherwise The Reserve
The Fed Hiked Rates, and Trump Is Absolutely Fuming
The Federal Reserve just delivered an unexpected shock to the financial world. Policymakers raised the benchmark interest rate by a quarter point. This move represents the central bank’s first rate increase in three full years. President Trump did not take long to react with intense frustration. The president erupted with sharp criticism across his social media network. Writing on Truth Social, Trump demanded that borrowing costs fall dramatical…
‘1% or less’: Trump demands rate cut after US Fed raises interest rates for first time since 2023
US President Donald Trump has renewed his demand for sharply lower borrowing costs after the Federal Reserve raised its benchmark interest rate for the first time since 2023, putting fresh pressure on Fed Chair Kevin Warsh.
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