Trump Says US Should Have World's Lowest Interest Rate Ahead of Fed Meeting

President Donald Trump said on Sunday that the United States ought to be paying the lowest interest rate in the world, weighing in on monetary policy days before the Federal Reserve is due to meet.

Speaking to reporters at the Irish Open golf championship in Doonbeg, Ireland, Trump was asked whether he expected the central bank to raise rates at its meeting on Wednesday. He said he did not know, but argued that the US should have the lowest rate globally "regardless of their formulas."

The president also said the United States holds "the best credit in the world" and claimed that the country makes other nations rich, adding that it could "turn that off in two minutes."

His remarks come as the Fed prepares to convene this week, with its policy decisions closely watched by markets. Trump has previously criticised the central bank's rate stance, and his latest comments reiterate his preference for lower borrowing costs.

The Fed sets interest rates independently, and its decisions are based on economic data and its mandate. The president's comments are unlikely to alter the central bank's scheduled deliberations, but they underscore the ongoing tension between the White House and the Fed over the direction of monetary policy.