US President Donald Trump on Thursday urged the Federal Reserve to cut interest rates in the next policy meeting, saying that the central bank is 'afraid of inflation'.
"We would really like to see interest rates come down. You know, in the old days with interest rates, many of you are too young to know this. But when we announced good numbers, interest rates would go down. And the theory was because the asset value became so good, it became so prime. But now, when we announce good numbers, which we're doing all the time. They keep driving the interest rates up because they're so afraid of inflation, and they shouldn't be," he said.
