Trump's Rate Fixation: A Recipe for Economic Disaster? The President's demands for lower interest rates have been a familiar refrain in recent months, but his comments on Wednesday take his crusade to new heights.
He wants the Federal Reserve to slash rates to 1% "or less," a move he claims would boost economic growth and put America back on top. However, this assertion is at odds with reality.
Trump's claim that the US has "the Best Credit in the World — BY FAR" is laughable, given his own administration's dubious record on trade deficits.