Forex
Trump Calls for Global Low on Interest Rates Ahead of Fed Meeting
US President Donald Trump has weighed in on interest rates ahead of a Federal Reserve meeting. In a statement, he said that he believes the US should have the world's lowest interest rates.
'I know more about formulas than they do,' Trump stated, implying that his economic expertise surpasses that of the central bank.
The comments come as the Fed prepares to make its decision on interest rates. The current benchmark rate is 1.5-1.75%, and many economists expect a cut in rates to boost the economy.