2 sources
Trump demands interest rates be lowered 'fast' after Fed announces first hike in three years
The US Federal Reserve has hiked interest rates for the first time in three years, prompting Donald Trump to furiously demand they be lo
Summary
Mr Trump said that the benchmark interest rate should be lowered to "1% or less because we are the Best Credit in the World - BY FAR". In a post on Truth Social, Mr Trump demanded that interest rates be lowered "fast"."Our Country is BOOMING with new investment! In its quarterly projections, the Fed also signalled that its rate-setting committee expects to hike rates a second time to 4.1%.
What this story is about
People
- Donald Trump3
- Kevin Warsh3
- Jerome Powell2
Organisations
- Fed3
- Federal Reserve2
- Central Bank of Sri Lanka
- European Central Bank
- Huntington Bancshares
- Fifth Third Bancorp
- US Federal Reserve
- Truist Financial
Places
- United States3
- Israel2
- Iran2
- Capitol Hil
- Japan
Keywords
- interest3
- rates3
- years3
- raised2
- first2
- three2
- time2
- announces
- demands
- lowered
Names and places drawn from every article in this story. The number shows how many of them mentioned it.
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Also reported by
2 newsrooms have reported this story
US interest rates raised for first time in three yearsHiru News - English
US interest rates raised for first time in three yearsAda Derana