US EditionTrump Says U.S. Interest Rate Is at Least 3 Points Too High
- President Donald Trump demanded a rate cut of at least three percentage points from the Federal Reserve to reduce U.S. debt costs, claiming that each point costs the country $360 billion annually for refinancing.
- Trump criticized Federal Reserve Chair Jerome Powell, stating that the Fed rate is 'at least 3 points too high.'
- Trump called for Powell's resignation, referring to him as 'Too Late' for delaying rate cuts, which could hurt the U.S. economy.
- Trump is considering economic adviser Kevin Hassett as a potential replacement for Powell, whose tenure ends next May.
18 Articles
18 Articles
Trump May Find Prodding the Fed on Interest Rates Not so Simple
This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, economy editor Matthew Boesler looks at why the president’s pick for the next Fed chair won’t be able to lower interest rates alone. Sign up here and follow us at @bpolitics. Email our editors here.
Trump Says U.S. Interest Rate Is at Least 3 Points Too High
Colorado Springs Gazette
Trump says U.S. interest rate is at least 3 points too high
WASHINGTON (Reuters) -U.S. President Donald Trump on Wednesday called on the Federal Reserve to lower the federal benchmark interest rate by at least 3 percentage points, renewing his call for
Trump Demands Major Rate Cut, Slams Fed Chair As “Too Late”
President Donald Trump renewed his attacks on the Federal Reserve Tuesday, demanding an aggressive interest rate cut of at least three percentage points to ease U.S. debt servicing costs. “Our Fed rate is at least 3 points too high,” Trump wrote on Truth Social. He claimed each percentage point costs the country $360 billion annually in refinancing. Without naming Fed Chair Jerome Powell directly, Trump referred to him derisively as “Too Late,” …
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- 36% of the sources are Center, 36% of the sources lean Right
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