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)
Share
Getting your Trinity Audio player ready...
|
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.
—
(Reporting by Bhargav Acharya; writing by Susan Heavey; Editing by Chizu Nomiyama )
RELATED TOPICS:
Trump Says He Will Order Voter ID Requirement for Every Vote
Politics /
12 hours ago
Greta Thunberg Joins Flotilla Heading for Gaza With Aid
World /
12 hours ago
Chicago Mayor Says Police Will Not Aid Federal Troops or Agents
U.S. /
12 hours ago
Post-War Gaza Plan Sees Relocation of Population, ‘Digital Token’ for Palestinian Land: Washington Post
World /
12 hours ago
Labor Day Quiz: Do You Know What a Knocker-Upper Is?
Opinion /
13 hours ago
Judge Blocks Pillar of Trump’s Mass Deportation Campaign
Latest /
1 day ago
Visalia Driver Arrested for DUI After Multiple Crashes and Pedestrian Injured
Crime /
1 day ago
Fresno County Garnet Fire Grows to 18,748 Acres in Sierra National Forest
A lightning-sparked wildfire, the Garnet Fire, in the Sierra National Forest has burned 18,748 acres in Fresno County and remains at 8% cont...
Local /
12 hours ago
Categories
Latest
Videos

Local /
12 hours ago
Fresno County Garnet Fire Grows to 18,748 Acres in Sierra National Forest

World /
12 hours ago
Israel Pounds Gaza City Suburbs, Netanyahu to Convene Security Cabinet

Politics /
12 hours ago
Trump Says He Will Order Voter ID Requirement for Every Vote

World /
12 hours ago
Greta Thunberg Joins Flotilla Heading for Gaza With Aid

U.S. /
12 hours ago
Chicago Mayor Says Police Will Not Aid Federal Troops or Agents

World /
12 hours ago
Post-War Gaza Plan Sees Relocation of Population, ‘Digital Token’ for Palestinian Land: Washington Post

Video /
2 days ago