Trump Dismisses Warnings, Says US Should Have Lowest Interest Rate

Ahead of the Federal Reserve's next policy meeting, President Donald Trump said that no country should have lower interest rates than the U.S.

In a statement made on Sunday in Doonbeg, Ireland, Trump emphasized that he believes the U.S. has the lowest interest rate it can afford to maintain globally.

Federal Reserve Chairman Kevin Warsh recently warned of elevated inflation and potential rate hikes, pushing Treasury yields higher and increasing expectations for an increase in rates.