Trump Calls Fed Rate Hike 'Unfortunate,' Demands a Cut
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President Donald Trump says the Fed was wrong to raise interest rates by a quarter percentage point. In a Truth Social post, Trump said that US rates “should be 1%, or less." Chris Phelan, White House Council of Economic Advisers chairman, agrees and says anyway you measure it - inflation is coming down. He is on "Balance of Power." -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagr
Tags: Central Bank Interest Rates, Chris Phelan, Donald Trump, Fed, Fed Policy, Federal Reserve, Inflation, Interest Rates, Joe Mathieu, Kailey Leinz, Kevin M. Warsh, Rate Hike, White House, federal reserve rate hike
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