Trump Urges Fed to Quickly Cut Rates Below 1%

Donald Trump, former U.S. president, urged the Federal Reserve on Thursday to quickly cut interest rates below 1% through social media. He argued that the United States maintains the world's highest credit rating and is currently experiencing significant new investment inflows into its economy. Trump also claimed that ending trade with countries running deficits would yield at least $150 billion in annual profits for the U.S., emphasizing that 'deficits mean losses.' He stated that America can no longer bear the long-standing burden of global trade costs, and reiterated his call for rapid rate cuts to lower borrowing costs and support economic growth.