President Donald Trump on Wednesday slammed the Federal Reserve after the central bank raised its benchmark rate for the first time in more than three years with a nonsensical rant in which he lectured the bank on how to run monetary policy, insisting interest rates "should be 1%, or less," hours
"Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World — BY FAR," Trump wrote. "Our Country is BOOMING with new Investment! If we stopped Trading with every country that we have a Deficit with, which is most of them, we would make, at least, 1.5 Trillion Dollars a year. The word 'Deficit' is nothing more than a fancy word for LOSS. 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!"
