Trump Calls for Lower Interest Rates Amid Economic Growth
US President Donald Trump has called for lower interest rates, arguing that they should decrease as the US economy improves rather than rise due to concerns over inflation.
In a statement at the White House, Trump said that when good economic numbers are announced, interest rates should go down. However, he claims that this is not happening now because the Federal Reserve is too focused on preventing inflation.
The Federal Reserve has kept its benchmark interest rate steady so far this year and is scheduled to make a decision at its next meeting on September 16.