Trump responds to new Fed chairman Kevin Warsh – Business News
President Trump on Wednesday known as on the Federal Reserve to decrease rates of interest simply hours after his hand-picked head of the central bank raised them for the primary time in years.
“Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World — BY FAR,” Trump wrote on Truth Social. “Our Country is BOOMING with new Investment!”
“If we stopped Trading with every country that we have a Deficit with, which is most of them, we would make, at least, 1.5 Trillion Dollars a year,” the president continued. “The phrase ‘Deficit’ is nothing more than a fancy phrase for LOSS.
“We are ‘carrying’ almost every country in the World, and that cannot go on any longer.”
Federal Reserve Chairman Kevin Warsh holds a press convention following a two-day assembly of the Federal Open Market Committee (FOMC) on the Federal Reserve in Washington, Wednesday, Sept. 16, 2026. REUTERS
Hours after the charges have been elevated, Trump known as on the Federal Reserve to decrease them. AP Photo/Julia Demaree Nikhinson
Trump stopped short of particularly calling out Fed Chairman Kevin Warsh, whom the president tapped in January to succeed Jerome Powell.
In a unanimous vote, the Fed raised charges by a quarter level to the three.75% to 4% vary, marking the primary central bank price hike in three years.
Warsh argued that “inflation is too high and has been for too long,” in justifying the speed increase.
“LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST!” Trump demanded.
