The President's Misguided Interest in Interest Rates President Trump's latest broadside against the Federal Reserve is a study in economic ignorance and fiscal fantasy.
In it, he conflates the central bank's benchmark interest rate with individual credit scores, a distinction that has apparently eluded him entirely.
The president claims that "Interest Rates in the United States should be 1%, or less," betraying a fundamental misunderstanding of monetary policy and its relationship to economic growth.