U.S. President Donald Trump said on July 28 that the United States "should have the lowest interest rates in the world," stepping up his criticism of the Federal Reserve again. He also said members of the Fed committee were acting with a "political" bias. Trump called on Federal Reserve Chair Kevin Warsh to address internal issues within the committee and push for rate cuts. He has repeatedly argued that U.S. interest rates are too high and has said elevated borrowing costs are holding back economic growth. The latest comments added to market tension once again, according to BlockBeats.
According to BlockBeats, U.S. President Donald Trump said on July 28 that the United States "should have the lowest interest rates in the world" and described members of the Federal Reserve committee as "political."
Trump called on Federal Reserve Chair Kevin Warsh to deal with internal problems within the committee and push for lower rates. He has repeatedly criticized the Fed for keeping rates too high, saying elevated rates restrict economic growth.
The latest remarks added to market tension again.
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