Trump calls interest rates "artificially high," says they should be "1% or less"
Summary
President Donald Trump criticized the Federal Reserve for raising interest rates by 0.25%. He said the rates are too high and should be lowered to about 1% or less.Key Facts
- The Federal Reserve increased interest rates by 0.25 percentage points.
- President Trump called the current interest rates "artificially high."
- He said interest rates should be around 1% or lower.
- The Federal Reserve is the U.S. central bank that controls interest rates.
- Higher interest rates can affect borrowing costs for people and businesses.
- President Trump spoke about this issue publicly, as reported by CBS News.
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