World & National · North America

Trump says interest rates should be at "1% or less" as Fed hikes them for first time since 2023

The Federal Reserve boosted interest rates for the first time since July 2023 on Wednesday. CBS News' Richard Escobedo and Natalie Brand have the details.

16 September 2026Live

Sources

CBS News. https://www.cbsnews.com/video/trump-calls-for-interest-rates-to-be-lowered-to-1-or-less-as-fed-hikes-them-for-first-time-since-2023/

The Federal Reserve boosted interest rates for the first time since July 2023 on Wednesday. CBS News' Richard Escobedo and Natalie Brand have the details.

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