Trump says interest rates should be lowest in world, can hinder growth

  • Trump reiterated that U.S. interest rates should be the lowest in the world.
  • Interest rates can hinder growth, Trump said on October 1.
  • Trump said stronger economic growth does not cause inflation.

President Donald Trump said on October 2 that U.S. interest rates should be the lowest in the world, drawing close market attention to his views on monetary policy. The previous day, he said interest rates would hinder growth and argued that stronger economic expansion does not cause inflation. His remarks emphasize the role he assigns to borrowing costs in supporting growth while rejecting an inherent link between expansion and rising prices.

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