Ahead of Fed meeting, Trump says US should have world's lowest interest rate
Trump said a rate hike would hurt affordability as inflation stays elevated and voters weigh the economy before the midterm elections.
- On Sunday in Doonbeg, Ireland, President Donald Trump argued the U.S. "should be paying the lowest interest rate in the world," speaking ahead of the Federal Reserve's policy meeting this week.
- Following Friday's Consumer Price Index report showing the largest inflation increase in four months, the Federal Reserve faces mounting pressure; Trump posted two weeks ago, "LOWER THE RATE OR I'LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT."
- National Economic Council Director Kevin Hassett told "Fox News Sunday" that Trump "will defend the independence of Kevin Warsh above all," though he noted Trump "is not going to be super happy about it" if the Fed raises rates.
- The Fed meets just weeks before midterm elections that determine whether Republicans maintain slim majorities in Congress; recent polling suggests a rate hike could worsen voter affordability concerns as Trump's approval ratings have fallen.
- Trump has been more supportive of Federal Reserve leadership since his own pick, Kevin Warsh, took charge earlier this year, marking a shift from his past criticism of former Fed chair Jay Powell.
23 Articles
23 Articles
U.S. President Donald Trump once again pressured the Federal Reserve to cut interest rates, stating that the United States should be subject to the lowest rates in the world. On the 13th (local time), while visiting Ireland, President Trump met with reporters at the Dunbeg Golf Course and replied, "I don't know," when asked whether he expected the Fed to raise the benchmark interest rate at the Federal Open Market Committee (FOMC) meeting to be …
(Washington = Yonhap News) Correspondent Park Sung-min = U.S. President Donald Trump said on the 13th (local time) that the war with Iran would "end right after the midterm elections, or maybe before that"...
President Donald Trump reiterated that the United States should have the lowest interest rates in the world, even while Kevin Warsh, the name chosen by him to preside over the Federal Reserve (Fed), faces new pressure to raise loan costs. "We should be paying - the United States is so strong - we should be paying the lowest interest rate in the world, regardless of their formulas," Trump told reporters on Sunday in Doonbeg, Ireland, where he acc…
Asked about Fed decision, Trump says US should have the lowest rate in the world
President Donald Trump stated the United States should have the world's lowest interest rates. He expressed this view ahead of the Federal Reserve's upcoming policy meeting this week. Trump indicated he did not know if the Fed would raise rates on Wednesday. He believes the nation has the best credit and can influence global economics. The President made these remarks while attending the Irish Open golf championship.
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