Trump Demands Immediate U.S. Interest Rate Cuts at Davos, Citing Oil Prices

Jan 23, 2025, 06:00 PM

President Donald Trump, speaking at the World Economic Forum in Davos, Switzerland, announced his intention to demand an immediate reduction in U.S. interest rates. Trump's comments suggest a potential conflict with the Federal Reserve, as he did not mention the Fed by name but clearly indicated his desire for lower rates. He linked the proposed rate cuts to declining oil prices, stating that with oil prices going down, interest rates should follow suit globally. Trump's remarks come ahead of a Federal Reserve meeting, where the central bank is expected to maintain current interest rates.