Trump calls for slashing interest rates to '1% or less' after the Fed's first hike in 3 years

The Federal Reserve raised interest rates by a quarter point on September 16, marking its first hike in three years. President Donald Trump responded on Truth Social, stating that interest rates should be 1% or less. The Federal Open Market Committee voted unanimously to raise rates to address inflation, which remains above the Fed's 2% goal. Chair Kevin Warsh may face increased political pressure from the White House.

Read More