President Donald Trump erupted over his hand-picked Federal Reserve chair bucking his advice to slash interest rates.
Trump, 80, made clear his displeasure over the central bank’s choice on Wednesday to hike interest rates for the first time since 2023 in an effort to curb rising inflation.
“Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World — BY FAR,” the president wrote on Truth Social two and a half hours after the decision. “Our Country is BOOMING with new Investment!”
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