Trump criticizes Federal Reserve rate increase, says rates should be 1% or lower
The president attacked the Fed's quarter-point rate hike, its first since July 2023, arguing the U.S. economy is strong enough to warrant lower rates.
President Trump criticized the Federal Reserve's decision to raise interest rates by a quarter percentage point, claiming the U.S. economy is performing well enough that rates "should be 1%, or less," according to remarks made following the announcement by Federal Reserve chair Kevin Warsh.
The rate increase marks the first hike since July 2023 and comes as the nation approaches the November midterm elections.
Sources
- Trump blasts interest rate uptick and claims US is doing so well that rates ‘should be 1%, or less’ – live — The Guardian — World
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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