Trump Presses Fed for Lowest Interest Rates Amid Hawkish Outlook

President Donald Trump has weighed in on US interest rates, calling for them to be the lowest in the world. This comes as the Federal Reserve is expected to raise rates this week amid a hotter-than-expected inflation reading and strong jobs report.

The August inflation reading was more than anticipated, and an unexpectedly robust jobs report has traders predicting an 86% chance of a rate increase on Wednesday.

This development puts pressure on Federal Reserve Chair Kevin Warsh to either reaffirm the bank's 2% inflation target or reignite debate over what motivates him. Uncertainty in this regard could lead to increased yields on long-term debt, according to CNBC analyst commentary.