World & BusinessFed reportedly raises rates to 3.75%–4.00% as Trump calls for 1% or lower
The Kobeissi Letter says the Fed increased its target range from 3.50%–3.75%, while Trump argued it should have cut rates to “1% or lower” instead.
TLDR
The Kobeissi Letter reported on September 17, 2026 that the Fed raised its target rate range to 3.75%–4.00%, up from 3.50%–3.75%. It said Trump wanted rates cut to “1% or lower.” Separately, another post quotes Trump urging lower U.S. interest rates and suggesting the country could stop trading with European nations, citing what he called a $200 billion trade deficit.
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Fed reportedly raises rates to 3.75%–4.00% as Trump calls for 1% or lower
The Kobeissi Letter says the Fed increased its target range from 3.50%–3.75%, while Trump argued it should have cut rates to “1% or lower” instead.