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August 19, 2026
Trump Criticizes Federal Reserve for High Interest Rates
- Trump claims the Fed's political board influences interest rate decisions.
- He praises Fed Chairman Kevin Warsh but criticizes other board members.
- The Fed has not raised rates in over three years, yet Trump demands further cuts.
- He compares U.S. rates unfavorably to Switzerland's low benchmark rate.
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2 Sources
- Trump plays down bond market fears, pushes interest rate cutsAug 19, 2026 at 8:25 PM · The Hill
- Trump bemoans Fed interest rate policy, says U.S. should be paying much lessAug 19, 2026 at 8:32 PM · CNBC