Trump demands 1% or lower interest rate after first Fed hike since 2023
- 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.
161 Articles
161 Articles
‘1% or less’: Trump demands rate cut after US Fed raises interest rates for first time since 2023
US President Donald Trump has renewed his demand for sharply lower borrowing costs after the Federal Reserve raised its benchmark interest rate for the first time since 2023, putting fresh pressure on Fed Chair Kevin Warsh.
The Federal Reserve defies Trump’s stupid demands
President Donald Trump is likely fuming in his office adorned by gilded Home Depot ornamentals after the Federal Reserve Board unanimously voted to raise interest rates Wednesday. For months, Trump tried to fire former Fed Chair Jerome Powell—even corruptly trying to push him out by threatening criminal charges if he didn’t step aside—because he refused […]
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 …
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