Trump says interest rates should be at "1% or less" as Fed hikes them for first time since 2023
The Federal Reserve increased interest rates on Wednesday for the first time since July 2023. Donald Trump responded to the decision by stating that interest rates should be set at 1% or less.
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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