Trump Demands Interest Rate Cut Despite Fed Hike

President Donald Trump has called for interest rates to be slashed after the Federal Reserve raised rates by a quarter percentage point. Trump, known for his economic optimism, tweeted that US interest rates 'should be 1%, or less' because 'Our Country is BOOMING with new Investment' and has 'the Best Credit in the World.'

In a social media post on Bloomberg Terminal, Trump defied his repeated calls for lower borrowing costs. The Federal Reserve raised rates by 0.25% in its latest move.