President Donald Trump said that the United States should have the lowest interest rate in the world, days before the Federal Reserve decides whether to raise rates.
He told reporters at the Irish Open golf tournament on Sunday that he did not know whether Fed policymakers would raise interest rates at their meeting this week.
“I know more about formulas than anybody, and with the best credit in the world, we make other countries rich,” Trump said. “We don’t want to have deficits with nations. We want to have surpluses or at least break-evens.”
The Federal Reserve’s next policy meeting is on Sept. 15–16. At its last meeting at the end of July, it decided to maintain the target range for the federal funds rate at 3.5 percent to 3.75 percent, approved by a 9–3 vote….