Trump Warns of Global Financial Consequences if US Withholds Credit Advantage

President Donald Trump made comments on September 13 during his two-day visit to Ireland, stating that the US should pay the world's lowest interest rate. He tied this argument to America's strong credit position, saying the country has 'the best credit in the world' and uses it to make other nations richer.

Trump warned that the US could withdraw its credit advantage 'in two minutes,' which he claimed would have a significant impact on global finance. This comes days before the Federal Reserve's next policy meeting, where interest rate decisions will be made.

The president has repeatedly criticized the Fed's interest-rate policy, including attacking former Fed Chief Jerome Powell for not lowering borrowing costs more aggressively. Trump also suggested that Fed Chair Kevin Warsh may be limited by a 'very political' board of governors.