Trump Says Fed Should Cut Rates, US Should Have World’s Lowest Borrowing Costs
Summary
- President Donald Trump said the Federal Reserve should cut its benchmark interest rate.
- Trump said the US should enjoy the world’s lowest borrowing costs.
- Trump criticized Fed governors as "political" and said Kevin Warsh, as Fed chair, would also have to work with the Fed board.
Forecast Trend Report by Period
President Donald Trump said July 27 that the Federal Reserve should cut interest rates and that the US should enjoy the lowest borrowing costs in the world, Walter Bloomberg reported.
Trump also called Fed governors "political" and said Kevin Warsh, as Fed chair, would have to work with the central bank's board.
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