Trump demands 1% or lower interest rate after first Fed hike since 2023
- On September 15-16, the Federal Reserve held a policy meeting amid intense pressure from President Donald Trump to slash interest rates, as markets anticipated a potential rate hike following 3.4% annual inflation data.
- Trump demanded the Federal Reserve lower interest rates, threatening to halt trade with "some nations" if he does not receive compliance, arguing that "a strong country means a lower interest rate."
- August consumer prices rose 3.4% annually, driven by surging energy costs, while economists warn AI investment fuels growth but high inflation and energy prices complicate the central bank's path forward.
- National Economic Council Director Kevin Hassett maintained that the administration respects the Federal Reserve's independence, noting the president will "have an opinion about it" if the Fed makes a big move.
- The Federal Reserve faces this complex decision just seven weeks before the November 3 midterm elections, as balancing currency stability against rising unemployment risks intensifies political stakes.
445 Articles
445 Articles
Ultimate betrayal: A hand-picked Trump appointee just blew up his agenda
The Federal Reserve raised interest rates yesterday as the new Fed chairman, Kevin Warsh, warned of inflation being “too high” for “too long.” And he didn’t rule out another rate hike in the future.Trump’s hand-picked chairman tried to stay away from blaming Trump, evading reporters’ questions at a news conference and trying to play up some positive aspects of the economy.But it was all too clear—and delicious seeing Trump grapple with the fact …
MichaelSavage.com – Trump Slams “Very Hostile” and “Very Political” Fed Board After Rate Hike – Says Interest Rates Should be 1%
President Trump on Wednesday slammed the Federal Reserve after a 12-0 vote to raise interest rates for the first time since 2023. The Gateway Pundit reported that the Fed raised interest rates by 25 basis points on Wednesday, just seven weeks before the midterm elections. Trump initially responded by calling on the Fed to lower…
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