Trump Says Fed Should Cut Rates, US Should Have World’s Lowest Borrowing Costs
JH Kim
Summary
- President Donald Trump said the Federal Reserve should cut its benchmark interest rate.
- Trump said the US should have the world’s lowest borrowing costs.
- Trump criticized Fed governors as "political" and said Kevin Warsh, as Fed chair, would need to work with the Fed’s board.
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President Donald Trump said on July 27 that the Federal Reserve should cut interest rates and that the US should have the lowest borrowing costs in the world, Walter Bloomberg reported.
Trump also criticized Fed governors as "political" and said Kevin Warsh, as Fed chair, would need to work with the central bank's board.
JH Kim
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