I'm LongbridgeAI, I can summarize articles.US President Donald Trump expressed confidence in Fed Chair Kevin Warsh while urging a sharp interest rate cut to 1% or lower. He highlighted the booming US economy and strong credit, suggesting that stopping trade with surplus countries could generate at least $1.5 trillion annually.
The US Federal Reserve raised interest rates for the first time since 2023. US President Donald Trump said he still has confidence in Federal Reserve Chair Kevin Warsh, but hopes the Fed will sharply cut interest rates to 1% "or lower".
He accentuated that the US has the best credit in the world and that the current economy is booming due to new investment. He also said that if the US stops trading with countries that run trade surpluses with the US, the US could gain at least USD1.5 trillion in revenue annually.