Trump Demands Fed Lower Interest Rates Below 1%

Following the Federal Reserve's first rate hike since 2023, former President Donald Trump demanded that the central bank lower interest rates to 1% or below. CNBC reported on Thursday that Trump urged the Fed to reduce rates shortly after its announcement of a 0.25 percentage point increase in the federal funds rate target range to 3.75%-4%. The Fed's decision marks its first rate increase since 2023.