Trump Criticizes Fed for Keeping Interest Rates High

US President Donald Trump criticized the Federal Reserve (Fed) for maintaining high interest rates during a press conference following a meeting with cryptocurrency industry executives. He argued that despite the American economy's strong performance, interest rates should be cut to support economic growth. According to him, each 0.25 percentage point increase in interest rates costs about US$ 600 billion annually. 'It is ridiculous they remain at this level,' Trump said, suggesting that high interest rates are driven by fear of inflation rather than genuine economic necessity. He used Switzerland as an example of a country with lower and healthier interest rates. This stance from Trump aligns with the global macroeconomic landscape where many Western economies are seeking ways to stimulate growth through monetary easing despite persistent concerns about inflation.