Trump calls for rates at 1% or lower after Fed's first hike since 2023
The Federal Reserve lifted borrowing costs for the first time since 2023, and President Trump offered policymakers a target: 1% or below. He urged rate-setters to act for the sake of the country. The Fed tightened. The President would like it to loosen. Considerably.
The Federal Reserve lifted borrowing costs for the first time since 2023, and President Trump offered policymakers a target: 1% or below. He urged rate-setters to act for the sake of the country. The Fed tightened. The President would like it to loosen. Considerably.
That gap is now the setup. Trump's 1% call lands on an institution that just moved in the opposite direction, and the distance between where borrowing costs now sit and where the President wants them is the central tension the tape will work through. The first hike since 2023 would have been enough news on its own.
What to watch is any formal signal from policymakers on how they intend to proceed. That is the next concrete step in the rate setup.
Filed by the newsroom of MarketPR on September 16, 2026. Source: ft.com. Indicative figures are not investment advice.