Trump urges interest rate cut to 1 percent

President Donald Trump called on the Federal Reserve to cut interest rates to 1% or lower, after the bank recently decided to raise them for the first time since 2023, reaching a range between 3.75% and 4%. Trump emphasized that the United States should have low interest rates due to its excellent credit rating, urging for a quick reduction to boost the economy. This came at a time when inflation is rising, and Trump continues to pressure the Fed to implement significant cuts in borrowing costs.