Trump Renews Call for Interest Rates to Be Cut to 1% or Lower

President Donald Trump has renewed his call for the U.S. Federal Reserve to slash interest rates to 1% or lower, according to a report by Anadolu Agency.

In comments cited by the news agency, Trump said, "We are the Best Credit in the World -- BY FAR," as he pressed his case for sharply lower borrowing costs.

The remarks mark the latest in a series of public appeals by Trump urging the central bank to reduce rates significantly, according to Anadolu Agency.

Further details on the timing and context of the statement were not immediately available.