Trump says U.S. interest rates should be lowered below 1%, urges Fed to cut rates quickly

Odaily News: U.S. President Trump stated on social media that U.S. interest rates should be lowered to 1% or lower, citing that the United States has the strongest credit in the world and that the current economy is attracting substantial new investment. Trump said that if the United States stopped trading with countries that have trade deficits, the U.S. could gain at least $1.5 trillion annually.

He stated that "deficit" essentially means "loss," and said that the situation where the United States has long borne the cost of global trade cannot continue. Trump once again urged the Federal Reserve to quickly lower interest rates, saying that reducing borrowing costs would help the U.S. economy develop.