Topline
President Donald Trump on Thursday claimed the U.S. should be paying the lowest interest rates in the world after the Federal Reserve voted to pause cuts, as the central bank and Fed Chair Jerome Powell have resisted pressure from the Trump administration in recent weeks.
“The Fed should substantially lower interest rates, NOW!” Trump wrote.
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Key Facts
Trump, writing in a Truth Social post on Thursday, claimed that because of the “vast amounts of money flowing into” the U.S. because of his tariffs, “we should be paying the LOWEST INTEREST RATE OF ANY COUNTRY IN THE WORLD.”
This is a developing story.