Trump says US interest rates should be lowest in the world
Trump’s call piles pressure on Federal Reserve Chair Kevin Warsh days before the bank is expected to raise rates amid an increasingly hawkish global outlook.
President Donald Trump has suggested that the United States should maintain the world's lowest interest rates, placing additional pressure on Federal Reserve Chair Kevin Warsh ahead of a potential rate hike this week. This call comes after the release of hotter-than-expected US inflation data for August and a stronger-than-anticipated jobs report, which has increased the chances of a rate increase to 86%.
Federal Reserve Chair Warsh is now in a position to either support his own views or reignite the debate surrounding the motivations behind his stance on interest rates, potentially leading to increased yields on long-term debt, according to a CNBC analyst.
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- Trump says US should have world’s lowest interest rate freemalaysiatoday.com
- Trump wants Fed to deliver world's lowest rates economictimes.indiatimes.com
