Trump Says Interest Rate System Doesn't Make Sense

Summary

President Trump criticizes the current interest-rate system, arguing that strong US economic data leads to higher rates when it should lead to lower rates. He says the US has strong credit and should pay among the lowest rates, citing that each point of interest costs $600 billion. He also compares US borrowing costs unfavorably with Switzerland's roughly half-point rate.

• Trump says 25 years ago good economic numbers caused interest rates to fall.
• He argues now better US data means worse or higher interest rates.
• He claims the US could grow much faster if left alone and rates fell.
• He says every point of interest costs $600 billion.
• He says the US has the best credit and should pay the lowest rates.
• He notes Switzerland pays about a half point while the US pays more.
• He calls the current system very unfair and says he almost prefers bad numbers.