Trump Calls for Lower Interest Rates from Federal Reserve

U.S. President Donald Trump has expressed his opinion on interest rates, stating that he doesn’t intend to remove Federal Reserve Chairman Jerome Powell and instead calls for the Fed to lower interest rates. According to Odaily, Trump emphasized a preference for long-term, low-interest debt. He indicated that a 1% reduction in interest rates would directly result in decreased payments. Additionally, Trump highlighted the significant amount of short-term debt currently outstanding and reiterated his desire for lower borrowing costs.