Trump Presses Fed to Keep Rates Low Amid Rising Inflation

US President Donald Trump has urged the Federal Reserve to maintain low interest rates, citing the country's strong credit position as justification.

The comments come ahead of the Fed's policy meeting this week, which will determine whether interest rates are raised or kept steady. Trump argued that the US should have the lowest borrowing costs in the world, regardless of inflation data.

Trump's remarks put pressure on Federal Reserve Chair Kevin Warsh, who has been supportive of the president's views but now faces a difficult decision balancing inflation control and economic growth.