Trump Lost It Over Interest Rates He Caused, But He's Right

On Sept. 16, the Federal Reserve increased its target short-term interest rate by a quarter of a percentage point, which is the usual increment when the central bank makes such decisions. This produced an immediate outcry from President Donald Trump, who declared on his personal media megaphone, Truth Social, that “Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World — BY FAR.” Read Full Article »