Trump Calls on Fed to Cut Interest Rates Ahead of Meeting

President Donald Trump is urging the Federal Reserve to lower interest rates ahead of its upcoming meeting. The Fed's policy makers are set to meet on Tuesday and Wednesday, with their last decision being a 9-3 vote in July to maintain the target range for the federal funds rate at 3.5% to 3.75%. Trump has previously called for lower interest rates, saying they would boost economic growth.

The Federal Reserve's next policy meeting is set to take place on Tuesday and Wednesday. At its last meeting in July, it decided to maintain the target range for the federal funds rate at 3.5% to 3.75%, approved by a 9-3 vote. Trump has pressed the Fed to lower interest rates despite all signs pointing to an increase this week.