"Fed Chair Kevin Warsh said the move was because "inflation is too high and has been for too long", adding that it was a "sober" and "responsible decision".
However, Trump said rates "should be 1%, or less, because we are the Best Credit in the World - BY FAR".
Higher interest rates make borrowing more expensive for people wanting to secure loans, mortgages and credit cards, but can lead to better returns on savings.
Warsh said while there was "an attitude of optimism" within the Federal Reserve leadership, inflation remained a problem.
"For more than five years, inflation has been running above target," he said."
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First seen: 2026-09-17 ·
Last seen: 2026-09-17 ·
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