Trump urges Fed to cut US interest rates to 1% or less
President Donald Trump has publicly pressured Federal Reserve chief Kevin Warsh to lower interest rates to 1% or less, linking the move to his concerns over US trade deficits. Despite his criticism of the Fed's current policy, Trump stated he maintains confidence in Warsh.
Why it matters
The President's public intervention in monetary policy signals potential friction between the executive branch and the independent central bank, which could influence market expectations.
President Donald Trump has appeared to connect persistent US trade deficits with the borrowing costs set by the Federal Reserve, even though the two are largely unrelated.
Listen WASHINGTON – US President Donald Trump on Sept 16 levelled his most pointed – though still indirect – criticism yet at his hand-picked Federal Reserve chief, fuming on social media over the central bank’s move to raise interest rates in a bid to calm persistent inflation.
“Interest rates in the United States should be 1 per cent, or less, because we are the best credit in the world – BY FAR,” he wrote on Truth Social, his social media platform.
“LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST!” he concluded.
Also covering this story
22 other newsrooms covered this event. We read each version separately.
Fed expected to hike interest rates for first time since 2023. See what it means for your money.
Trump, Federal Reserve on collision course over interest rates
US Fed raises rates to tackle ‘too high’ inflation in move sure to rile Trump
US interest rates raised for first time in three years
US central bank raises interest rates for first time in more than three years
U.S. Reserve hikes interest rate, defies Trump
Trump calls for slashing interest rates to '1% or less' after the Fed's first hike in 3 years
US Fed raises rates to tackle 'too high' inflation, irking Trump
What higher for longer interest rates mean for your investments
Fed expected to raise interest rates for the first time since 2023
Fed Chair Implies Trump Is Only Half Right on the Economy Following Rate Hike
US interest rates raised for first time in three years
US Fed Rate LIVE: Did Kevin Warsh defy Trump? Fed announces 25 bps interest rate hike, signals one more later this year
US Fed Hikes Rates To Tackle Inflation, Trump Slams Move As "Hostile"
The Fed is expected to raise interest rates for the first time in 3 years
Fed is poised to raise interest rates for the first time since 2023, defying Trump
Fed raises rates to curb inflation, drawing rebuke from Trump
US Federal Reserve raises interest rates for the first time since 2023
Federal Reserve hikes key rate for first time in three years, defying Trump demands for cut
Federal Reserve raises rates for first time since 2023
US Federal Reserve hikes interest rate to 3.75-4% range; first time since 2023
Fed meeting live updates: Anticipation builds with Fed expected to hike interest rates for first time in 3 years
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in