Donald Trump on Wednesday urged the Federal Reserve to lower interest rates to as low as 1%, hours after the central bank raised them for the first time in three years.
Trump’s demand came swiftly after the Federal Reserve’s decision to increase interest rates, a move intended to combat rising inflation. He did not elaborate on the reasoning behind his call for a 1% rate, nor did he specify which nations would be subject to a trade stoppage. Left-leaning coverage emphasizes Trump’s forceful demand following the rate hike, while right-leaning sources focus on his call for lower rates and renewed trade proposals. Not in dispute is the Federal Reserve’s decision to raise interest rates for the first time in three years.
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