US President calls for lowering interest rates in the country to one percent or less

Washington, Sept 16 (KUNA) – U.S. President Donald Trump on Wednesday called for lowering interest rates in the United States to “one percent or less,” marking his first comment since the Federal Reserve raised interest rates by 25 basis points for the first time in three years. In a post on his platform, Truth Social, Trump wrote, “Interest rates in the United States should be 1 percent or less because we have the best credit rating in the world, by a wide margin.” He added that the United States is experiencing “tremendous growth in new investments,” and that if the U.S. stopped trading with every country with which it runs a trade deficit—which includes most countries—it would save at least $1.5 trillion annually. He stressed, “We are carrying almost every country in the world on our shoulders, and this cannot continue. Therefore, lower interest rates in the United States quickly.” Earlier on Wednesday, the Federal Reserve (the U.S. central bank) decided to raise its interest rate range by 0.25 percentage points, bringing it to between 3.75 percent and 4 percent, for the first time in three years. (End) A.M.M. / R.J.