Trump Says U.S. Interest Rates Should Be Below 1%, Urges Fed to Cut Rates Quickly

BlockBeats news, September 17: U.S. President Trump posted on social media that U.S. interest rates should be lowered to 1% or lower, citing that the United States has the world's strongest credit and that the current economy is attracting a large amount of new investment.

Trump stated that if the United States stopped trading with countries that have trade deficits, the U.S. could gain at least $1.5 trillion annually. He said that "deficit" essentially means "loss," and claimed that the situation in which the United States has long borne the cost of global trade cannot continue.

Trump once again urged the Federal Reserve to quickly lower interest rates, saying that reducing borrowing costs would help the U.S. economy develop.