Trump: "The Fed Should Be Cutting Rates, Not Raising Them"

President Trump argued that the Federal Reserve would be making a mistake by raising interest rates.
• Trump says there is "absolutely no reason" to raise rates
• He believes the Fed should be cutting rates instead
• He warned that strong economic data is being viewed negatively because investors fear tighter policy
• Trump cited government debt and future spending plans as reasons for lower rates
• He expressed confidence in Fed Chair Kevin Warsh while maintaining public pressure for easier policy
A resilient economy is giving the Fed less urgency to cut rates. But political pressure for lower borrowing costs is growing as policymakers balance inflation, growth, and government debt concerns.
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