Trump Calls Fed Rate Hike 'Unfortunate,' Demands a Cut

• The Federal Reserve raised interest rates for the first time in over three years, a move the White House called 'rather unfortunate.'
• White House economic advisor Chris Phelan stated that the Fed's rate hike was a 'mistake' because inflation is already trending downwards.
• President Trump advocated for U.S. interest rates to be 1% or less, citing the U.S. as the 'Best Credit in the World' and a booming economy.
• Phelan highlighted record-low poverty rates and record-high household incomes (inflation-adjusted) as indicators of economic strength.

The video discusses the Federal Reserve's decision to raise interest rates, which the White House, through its Council of Economic Advisers Chairman Chris Phelan, deemed a 'mistake.' President Trump's Truth Social posts called for interest rates to be 1% or less, arguing that inflation is already coming down and the economy is booming. Phelan also criticized the 'frenzy of Fed watching' for overshadowing fundamental economic data.