Ahead of Fed meeting, Trump says US should have world's lowest interest rate
TLT•Trump presses for lower U.S. rates before Fed meeting
DOONBEG, Ireland, Sept. 13 (Reuters) - No country should have lower interest rates than the U.S., President Donald Trump said on Sunday, days before the Federal Reserve's next policy meeting.
Speaking to reporters at the Irish Open golf tournament, Trump said he did not know whether Fed policymakers will raise interest rates at their meeting this week. But he said the U.S. "should be paying the lowest interest rate in the world" no matter what the Federal Reserve's data indicates about inflation and the economy.
Inflation data reinforces expectations for a rate hike
The Labor Department's Consumer Price Index, a key measure of underlying inflation, on Friday posted its largest increase in four months. That reinforced expectations that the U.S. central bank will raise the target range for its federal funds rate, now at 3.5% to 3.75%, at the conclusion of its Federal Open Market Committee meeting on Wednesday.
