Trump renewed pressure on the Federal Reserve from Ireland, saying the U.S. should have the world’s lowest interest rates despite expectations for tighter policy.
1 rate hike is largely priced in for this week as crude oil and Treasury yields surge, reinforcing market bets that inflation risks are rising rather than easing.
Trump framed his demand around U.S. economic strength, arguing rates should be lower regardless of the Fed’s usual policy formulas.
The clash underscores a widening gap between Trump’s public push for cheaper borrowing and investor expectations that the Fed is about to move the other way.