President Trump said Thursday he wants interest rates to “drop immediately” — and that he plans to “demand” reductions alongside an anticipated dip in global oil prices.
Trump, 78, said he intends to pressure oil-producing nations to boost their output to lower global costs — after crude oil prices already dropped about 3.6% since his inauguration on Monday.
“With oil prices going down, I’ll demand that interest rates drop immediately. And likewise, they should be dropping all over the world. Interest rates should follow us,” Trump said in a webcast speech to the World Economic Forum in Davos, Switzerland.
Read more at https://nypost.com/2025/01/23/us-news/trump-wants-interest-rates-to-drop-immediately-after-mortgage-and-credit-card-hike-under-biden/
#donaldtrump #wef2025 #davos
The New York Post is your source for breaking news, news about New York, sports, business, entertainment, opinion, real estate, culture, fashion, and more.
Subscribe to New York Post Sports: https://www.youtube.com/c/nypostsports
Catch the latest news here: https://nypost.com/
Follow The New York Post on:
Twitter - https://twitter.com/nypost
Facebook - https://www.facebook.com/NYPost