Trump Presses Fed to Lower Interest Rates Amid Booming Economy

US President Donald Trump has urged the Federal Reserve to lower interest rates, citing the country's growing economy. He made the remarks aboard Air Force One while traveling to Michigan on Monday.

'Rates should be lowered,' Trump said. 'This country could be at eight percent, nine percent, 10 percent, 12 percent GDP. That's what it should be.'

Trump argued that the US faced higher interest rates than some countries that relied heavily on American economic and security support.

'We should have the lowest interest rate in the world,' Trump said. 'We have other countries that are paying less interest rates, and if it wasn't for us, they wouldn't even exist.'