The US should benefit from the world’s lowest interest rates
US President Donald Trump said the US should enjoy the world’s lowest interest rate, regardless of inflation and economic data. The remark was made a few days before the Fed meeting, amid August CPI rising the most in four months and markets expecting the Fed to raise the interest rate by 0.25 percentage points to 3.75%-4% on September 16.
US inflation remains high due to tariffs and an energy price shock. Trump believes high interest rates are hurting the US, and warned that trade with many countries could be halted if the Fed does not cut rates. Kevin Hassett said the President would protect the independence of Fed Chair Kevin Warsh, but “would not be happy” if the Fed raises interest rates.
let’s wait another 6 hours.
According to Reuters
US President Donald Trump said the US should enjoy the world’s lowest interest rate, regardless of inflation and economic data. The remark was made a few days before the Fed meeting, amid August CPI rising the most in four months and markets expecting the Fed to raise the interest rate by 0.25 percentage points to 3.75%-4% on September 16.
US inflation remains high due to tariffs and an energy price shock. Trump believes high interest rates are hurting the US, and warned that trade with many countries could be halted if the Fed does not cut rates. Kevin Hassett said the President would protect the independence of Fed Chair Kevin Warsh, but “would not be happy” if the Fed raises interest rates.
let’s wait another 6 hours.
According to Reuters