Trump demands 1% or lower interest rate after first Fed hike since 2023
Trump called for rates to be cut to 1% or lower after the Federal Reserve voted unanimously to raise its benchmark by a quarter point.
- 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.
134 Articles
134 Articles
Gastonia, United States. President Donald Trump accused the U.S. Federal Reserve (Fed) board on Wednesday, which he called “hostile,” of raising interest rates for “political motives.” “He’s a good man, Kevin Warsh, but no matter how well he does his job, he has a hostile junta,” Trump told reporters after referring to the Fed’s head, whom he himself appointed. “They’re raising rates to make Trump look as bad as possible (...) they’re only raisi…
“Lower interest rates for the US and (ed. do it) quickly,” Donald Trump emphasizes in a post on Truth Social. In the wake of the Fed’s decision to raise interest rates in order to combat inflation, Trump noted: “Interest rates in the US should be at 1% or less,” Trump argued. A view that is not shared by the US central bank, which decided to raise them - for the first time since the summer of 2023 - by 25 basis points, setting them in the range …
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.
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