Forex
Trump Demands Federal Reserve Cut Interest Rates Amid Strong Economic Growth
US President Donald Trump has called on the Federal Reserve to lower interest rates, arguing that the United States should have the lowest borrowing costs in the world as its economy expands.
Talking to reporters aboard Air Force One while travelling to Michigan, Trump said, 'Rates should be lowered. This country could be at eight percent, nine percent, 10 percent, 12 percent GDP.'
He claimed that the US faced higher interest rates than some countries that depended heavily on American economic and security support.
'We should have the lowest interest rate in the world,' Trump said. 'We have other countries that are paying less interest rates, and if it wasn't for us, they wouldn't even exist.'