Donald Trump lashed out at the Federal Reserve after it defied his persistent calls for lower interest rates and instead raised its key interest rate on Wednesday for the first time since 2023, in an attempt to quell elevated inflation.“Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World—BY FAR,” Trump posted on Truth Social.
“LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST!”The Fed’s newly minted chair, Kevin Warsh, whom Trump appointed in May to succeed Jerome Powell, said Wednesday that all 12 members of the Federal Open Market Committee, including him, voted unanimously for the 0.25 percentage point hike.
The federal funds rate now ranges between 3.75 to 4%.A rate hike counters Trump’s steady campaign last year agai…
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