Trump reacts sharply to Fed's interest rate decision: 'Rates should be 1 percent or lower'

Speaking after the Federal Reserve's interest rate decision, US President Donald Trump demanded that interest rates be cut to 1 percent or lower.

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Trump reacts sharply to Fed's interest rate decision: 'Rates should be 1 percent or lower'

US President Donald Trump reacted sharply to the Federal Reserve's (Fed) monetary policy following the bank's interest rate decision.

Arguing that the current level of interest rates is too high, Trump called for rapid cuts. In his statement, the US President said, "The interest rate in the US should be 1 percent or lower. Lower the interest rates for the US, and do it quickly."

The statement, which came after the Fed's decision, has brought Trump's pressure regarding interest rate policy back to the agenda. Further details regarding the decision are expected to emerge.

News Source: 12punto