Donald Trump says US rates should be at 1% or below: "Our Country is BOOMING with new Investment!"

On Wednesday, President Donald Trump urged the Federal Reserve to cut rates, shortly after the central bank raised its benchmark, ending a three-year stretch without an increase. The Fed's new chairman, Kevin Warsh, whom Trump chose in January to take over from Jerome Powell, defended the unanimous quarter-point move to a 3.75%-4% target range by saying inflation has remained too high. In a Truth Social post, Trump argued that U.S. rates should be at 1% or below, pointing to the nation's credit standing, while also criticizing trade deficits. He did not mention Warsh by name. Trump has pressed for lower rates.