Trump once again criticized the Federal Reserve's high interest rate policy, saying that the US should bear lower financing costs
Comparing news, US President Trump once again criticized the Federal Reserve's interest rate policy on Wednesday, saying that the central bank still should not prevent interest rate cuts when economic data is improving, and that the US should pay much lower interest rates.
Trump said that Federal Reserve Chairman Kevin Warsh (Kevin Warsh) did a good job, but criticized the Federal Reserve Board for political factors, saying that some members were appointed by Obama, Biden, and themselves, and may support maintaining high interest rates for political reasons.
Trump said that in the past, improved economic data usually drove interest rates down, but now the better the data, the higher the interest rate. He believes that cutting interest rates will not only help the economy grow, but will also reduce the financing pressure on the US debt of nearly 40 trillion US dollars.
However, the Federal Reserve has not raised interest rates since 2023, and began a cycle of cutting interest rates in the second half of 2025, with a cumulative total of 6 interest rate cuts. The minutes of the Federal Reserve's July meeting show that most officials believe that if inflation cannot cool down further, it may still be necessary to maintain higher interest rates in the future.
Trump also complained that the US interest rate level is higher than that of some overseas economies, and using Switzerland's benchmark interest rate of about 0.5% as an example, he said that the current US interest rate level of about 3.5% is unreasonable.
On the same day, the US Treasury Department announced the expansion of long-term treasury bond repurchases to at least double the scale of 10-year to 30-year treasury repurchase operations, from a single $2 billion to $4 billion to enhance the liquidity of the long-term bond market. The market believes that this measure will help ease the recent upward pressure on US bond yields.
