Trump Calls for Lowest Interest Rate in World as Fed Holds Steady

U.S. Federal Reserve Chairman Kevin Warsh held a press conference following a two-day meeting of the Federal Open Market Committee (FOMC). The meeting resulted in the Fed holding interest rates steady, as announced on July 29, 2026.

Ahead of the next policy meeting, former President Donald Trump suggested that the U.S. should have the world's lowest interest rate. In a statement made on Sunday, he said, 'No country should have lower interest rates than the U.S.'