Ahead of Fed meeting, Trump says US should have world's lowest interest rate
Trump said the United States should have the world’s lowest borrowing costs, as markets priced in an 86% chance of a Fed hike.
- 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.
113 Articles
113 Articles
Federal Reserve is expected to raise its benchmark rate, defying Trump's demands
The Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation, a move that would put the central bank at odds with President Donald Trump’s demands
As US President Donald Trump continues to pressure for interest rate cuts, the Federal Reserve's decision at its September 15-16 meeting is becoming a critical test. While expectations of an interest rate hike have strengthened following the August inflation data, a potential increase is seen as potentially escalating tensions between the Trump administration and Fed Chairman Kevin Warsh.
In the face of ever-high inflation, the US Federal Reserve could raise its interest rates next week. A decision that may rekindle tensions with Donald Trump, who supports a fall in the cost of credit.
Kevin Warsh was appointed by US President Donald Trump, who has repeatedly pushed for lower interest rates.
The US President is once again putting pressure on the US Federal Reserve.
Coverage Details
Bias Distribution
- 46% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
