Trump: Interest rates should be lowered to 1% or lower, Federal Reserve: raising rates to address inflation risks

US President Trump has called for lowering interest rates to 1% or lower to stimulate the economy, while the Federal Reserve has raised its target range for the federal funds rate to 3.75% -4.00% to address inflation risks. Boston Fed President Collins supports this rate hike and warns that future inflation may exceed the target level of 2%. (Source: Reuters)