News world 'Lower Interest Rates, And Fast!
': Trump Slams Fed Hike, Demands Rate At '1% Or Less''Lower Interest Rates, And Fast!
“We are ‘carrying’ almost every country in the World, and that cannot go on any longer," Trump said, before calling for lower rates “AND FAST!"
Warsh Defends Fed HikeThe Fed raised rates as it sought to tackle inflation that remains well above its 2% target.
White House Calls Move ‘Unfortunate’The rate hike drew criticism from the White House, which has repeatedly pushed for lower borrowing costs.
News world 'Lower Interest Rates, And Fast!': Trump Slams Fed Hike, Demands Rate At '1% Or Less'
'Lower Interest Rates, And Fast!': Trump Slams Fed Hike, Demands Rate At '1% Or Less'
Published By :
,
Last Updated: September 17, 2026, 02:42 IST
Trump made the comments on Truth Social shortly after the Fed raised its benchmark rate by 25 basis points to a range of 3.75% to 4%.
3 Quick Answers
US President Donald Trump attends the final round of the Irish Open golf tournament. (AFP photo)
US President Donald Trump called for sharply lower interest rates on Thursday after the Federal Reserve raised borrowing costs for the first time since 2023, saying rates should be cut to “1% or less".
Trump made the comments on Truth Social shortly after the Fed raised its benchmark rate by 25 basis points to a range of 3.75% to 4%.
Trump Demands Faster Rate Cuts
“Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World — BY FAR," Trump said.
He argued that the US economy was “BOOMING with new Investment" and said the country should stop trading with nations where it runs trade deficits.
“We are ‘carrying’ almost every country in the World, and that cannot go on any longer," Trump said, before calling for lower rates “AND FAST!"
Trump did not directly criticise Fed Chair Kevin Warsh, whom he appointed to lead the central bank earlier this year.
Warsh Defends Fed Hike
The Fed raised rates as it sought to tackle inflation that remains well above its 2% target. The central bank said the move would support a “timelier return" to its inflation goal.
Warsh defended the decision, saying inflation was still too high and had remained elevated for too long.
“The plain fact is that inflation is too high, and has been for too long," he said at a press conference.
The Fed’s latest projections also pointed to another rate increase later this year, with policymakers signalling that rates could rise to around 4.1%.
White House Calls Move ‘Unfortunate’
The rate hike drew criticism from the White House, which has repeatedly pushed for lower borrowing costs.
White House spokesman Kush Desai called the decision “rather unfortunate", saying it was not backed by a particularly compelling economic case from the administration’s point of view.
The higher rates could raise borrowing costs for households and businesses, including mortgages, car loans and credit cards.
Trump has repeatedly pressed the Fed for lower rates, while his administration’s criticism has raised fresh questions about the central bank’s independence.
Warsh, however, said the Fed would focus on its own mandate and “stay in our lane" when making monetary policy decisions.
(With inputs from agencies)
News18 Newsletter Handpicked stories, in your inbox A newsletter with the best of our journalism submit
Quick Answers Powered by Ask News18 What interest rate target did Donald Trump demand after the Federal Reserve's rate hike? Following the Federal Reserve's decision to raise borrowing costs, US President Donald Trump demanded that interest rates in the United States should be cut to "1% or less". Trump argued that the US deserves the lowest rates because it has the "Best Credit in the World". By how much did the Federal Reserve raise its benchmark interest rate and what is the new range? The Federal Reserve raised its benchmark interest rate by 25 basis points. This increase brought the benchmark borrowing rate to a new target range of 3.75% to 4%. How did Federal Reserve Chair Kevin Warsh defend the decision to raise interest rates? Fed Chair Kevin Warsh defended the rate hike by stating that inflation remains too high and has been elevated for too long. He emphasized that the central bank would focus on its mandate and "stay in our lane" when making monetary policy decisions. Powered by Ask News18
About the Author News Desk The News Desk is a team of passionate editors and writers who break and analyse the most important events unfolding in India and abroad. From live updates to exclusive reports to in-depth explainers, ... Read More
ADD YOUR COMMENT
Location : United States of America (USA)
First Published: September 17, 2026, 02:33 IST
Disclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy Loading comments...
