Trump: US interest rates should be lowered to below 1%, trade policy could yield $1.5 trillion in benefits annually

US President Trump has stated that US interest rates should be lowered to 1% or lower, citing that the US has the strongest credit in the world and its economy is attracting a large amount of new investment. Trump said that if the United States stops trading with countries with trade deficits, it could gain at least $1.5 trillion in benefits annually. He stated that a trade deficit essentially means losses, and said that the long-term burden of global trade costs on the United States cannot continue. Trump urged the Federal Reserve to quickly lower interest rates, stating that reducing borrowing costs would contribute to the development of the US economy. (Source: Golden Ten Data)