Donald Trump · Federal Reserve (FED) · Kevin Warsh · U.S. · Axios
Trump demands lower interest rates after Fed decision
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◎ Multiple-sources
President Trump responded to the Federal Reserve raising interest rates for the first time in three years by saying they should be lowered, "AND FAST!
Key facts
- What he's saying: " Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World, BY FAR," Trump wrote on Truth Social
- The Fed raised its target interest rate by a quarter percentage point, to a range of 3.75%–4%
- President Trump responded to the Federal Reserve raising interest rates for the first time in three years by saying they should be lowered, "AND FAST
- The rate hike immediately puts Trump at odds with the central bank under new Fed chair Kevin Warsh, whom he picked to lead it
Summary
President Trump responded to the Federal Reserve raising interest rates for the first time in three years by saying they should be lowered, "AND FAST!" The rate hike immediately puts Trump at odds with the central bank under new Fed chair Kevin Warsh, whom he picked to lead it. The Fed raised its target interest rate by a quarter percentage point, to a range of 3.75%–4%. Fed projections show 12 of 18 officials expect one more rate hike this year, while four expect two more. What he's saying: " Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World, BY FAR," Trump wrote on Truth Social.