Trump Demands World's Lowest Interest Rate for US

US President Donald Trump has stated that he believes the country should have the world's lowest interest rate. Speaking at the Irish Open golf tournament, Trump expressed his opinion on the matter just days before the Federal Reserve's next policy meeting.

The current federal funds rate is set between 3.5% and 3.75%, but Trump thinks it should be lower. He also stated that he does not know whether Fed policymakers will raise interest rates at their meeting this week, despite expectations of a rate hike due to inflation concerns.

Trump has been critical of the Federal Reserve's current interest rate levels, arguing that they have helped other countries at the expense of the US. He also warned that he could stop trading with countries running trade surpluses unless interest rates were lowered.