Trump Slams Fed for No Interest Rate Cut Amid Record US Investment

US President Donald Trump has expressed disappointment over the Federal Reserve's decision to keep interest rates unchanged, saying lower borrowing costs would further boost an economy that he claims is already attracting record levels of investment.

Speaking at the White House on July 30, Trump praised Federal Reserve Governor Kevin Warsh but suggested the central bank's board had prevented interest rate cuts despite strong economic performance.

'No, Kevin's fantastic,' Trump said. 'Kevin's got a board. He's fantastic. He's a brilliant guy, smart.'

However, Trump added that Warsh supported lower interest rates but was constrained by other policymakers on the Federal Reserve board.