Ahead of Fed meeting, Trump says US should have world's lowest interest rate
Trump said a rate hike would hurt affordability as a recent Reuters/Ipsos poll showed inflation has already weakened his approval ratings.
- 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.
37 Articles
37 Articles
Trump confirmed that the United States will stop trading with a number of countries if the Fed does not lower its benchmark interest rate
Trump confirmed that the United States will stop trading with a number of countries if the Fed does not lower its benchmark interest rate. "I have no choice. We cannot allow a deficit [in trade] with other states.
The central bank governors are meeting a few weeks before the midterm elections, which will determine whether Republicans will maintain their narrow majority in both chambers of the US Congress The post Trump's message to the Fed – In the US the… "lowest interest rate in the world" appeared first on in.gr.
Trump says US should have world’s lowest interest rates ahead of Fed meeting: ‘I know more about formulas’
Trump said the US should have the world’s lowest interest rate ahead of the Fed’s September 15-16 meeting. Despite rising inflation and oil prices, he urged cuts, while officials, including Kevin Hassett, said Trump would defend Fed nominee Kevin Warsh’s independence.
Before the Fed meets, Trump says the U.S. should have the lowest interest rate in the world
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