Trump Calls for Lowest US Interest Rate Amid Inflation Concerns

US President Donald Trump has stated that the country should have the world's lowest interest rate. Speaking at the Irish Open golf tournament, he said 'No country should have lower interest rates than the United States.' This comes just days before the Federal Reserve's next policy meeting.

The Fed meeting is set to take place after a key measure of underlying inflation, the Labour Department's Consumer Price Index, posted its largest increase in four months. This has reinforced expectations that the US central bank will raise interest rates.

Trump argued that with the best credit in the world, other countries are made rich at the expense of the US. He also stated that he knows more about formulas than anybody and believes the Fed's interest rate levels have helped other countries at the expense of the US.