Trump Says US Interest Rate Is at Least 3 Points Too High
President Donald Trump speaks during a cabinet meeting at the White House in Washington, D.C., U.S., July 8, 2025. (Reuters File)
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WASHINGTON – President Donald Trump on Wednesday called on the Federal Reserve to lower the federal benchmark interest rate by at least 3 percentage points, renewing his call for the U.S. central bank to lower rates to help reduce the cost to service the nation’s debt.
“Our Fed Rate is AT LEAST 3 Points too high. “Too Late” is costing the U.S. 360 Billion Dollars a Point, PER YEAR, in refinancing costs. No Inflation, COMPANIES POURING INTO AMERICA. “The hottest Country in the World!” LOWER THE RATE!!!” Trump wrote on Truth Social.
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(Reporting by Bhargav Acharya; writing by Susan Heavey; Editing by Chizu Nomiyama )
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