Trump demands lower interest rates 'and fast' after Fed hike

US President Donald Trump called on Wednesday for lower interest rates after the Federal Reserve raised them for the first time in three years, though he avoided directly criticising central bank chief Kevin Warsh.

"We are 'carrying' almost every country in the World, and that cannot go on any longer. LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST!" Trump said on his Truth Social network.

He also said US interest rates should be 1 per cent or lower and that rates should be cut quickly.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓