Donald Trump says US "should be paying the lowest interest rate in the world" ahead of Fed meeting

Ahead of this week’s Federal Reserve policy meeting, President Donald Trump told reporters at the Irish Open in Doonbeg, Ireland, that the U.S. should face cheaper credit than any other country, even if inflation and economic readings pointed elsewhere. He said he did not know whether Fed officials would raise rates. The gathering comes after Friday’s Consumer Price Index showed its largest four-month increase, bolstering expectations of an increase. It also occurs weeks before midterm elections that will determine whether Republicans retain narrow control of both congressional chambers. A rate rise might deepen voters’ affordability worries, recent Reuters/Ipsos surveys indicated. Trump’s approval has slipped as inflation persisted, and he has said Fed rate levels have enriched other nations while disadvantaging America.