Trump Slams Warsh with Scathing Interest Rate Demand

US Federal Reserve Chairman Kevin Warsh recently faced criticism from US President Donald Trump after the Fed raised official interest rates by 0.25 per cent to between 3.75 per cent and 4 per cent.

In response, Trump took to social media to express his disapproval, stating 'Interest Rates in the United States should be 1 per cent, or less, because we are the Best Credit in the World, BY FAR.'

This comment has sent shockwaves through markets, with many interpreting it as a sign of tension between Trump and the Fed.

Warsh was quick to respond, but only after a few hours, suggesting that the White House had given him time to prepare for the backlash.