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Trump Demands Fed to Cut Rates by Min. 3 ppts
U.S. President Donald Trump demanded that the Federal Reserve should cut interest rates by at least 3 ppts, reiterating his request for the Fed to reduce rates to help decrease deb...
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U.S. President Donald Trump demanded that the Federal Reserve should cut interest rates by at least 3 ppts, reiterating his request for the Fed to reduce rates to help decrease debt obligations, foreign news media broke.

In a post on his social media platform Truth Social, he stated that the federal funds rate is excessively high by at least 3 ppts. He also mentioned that the delay in rate cuts has caused the U.S. to incur an additional refinancing cost of US$360 billion for every 1 ppt of interest rate.

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