On the afternoon of September 16, local time, the US Federal Reserve announced an increase in the federal funds rate by 25 basis points to the 3.75%-4.00% range. US President Trump later posted on social media platforms, “Interest rates in the US should be reduced to 1% or less because America has the best credit in the world. The US is experiencing a boom in investment, and the economy is booming.” Trump urged the Federal Reserve to cut interest rates “and quickly.”

On the afternoon of September 16, local time, the US Federal Reserve announced an increase in the federal funds rate by 25 basis points to the 3.75%-4.00% range. US President Trump later posted on social media platforms, “Interest rates in the US should be reduced to 1% or less because America has the best credit in the world. The US is experiencing a boom in investment, and the economy is booming.” Trump urged the Federal Reserve to cut interest rates “and quickly.”