Trump Calls for Lower Interest Rates, Criticizes Fed Governors

President Donald Trump has expressed his desire for the Federal Reserve to cut its benchmark interest rate. According to Bloomberg, Trump made this statement on July 27. He also emphasized that the US should have the world's lowest borrowing costs.

In addition to calling for lower interest rates, Trump criticized Fed governors as 'political.' He suggested that if Kevin Warsh were appointed as Federal Reserve chair, he would need to work closely with the central bank's board.