Reporter Asks Trump Why He Wants To Lower Interest Rates After He Says 'Our Country Is Booming'

During a press conference outside the Federal Reserve Building on Thursday, President Trump spoke about interest rates.

Transcript

00:00and what we really want to do and I think I can speak for Tim and I think I

00:03can speak for the entire Senate we can speak for everybody frankly is we want

00:10to see interest rates come down our country is booming and the interest

00:14rates is a final little notch and if you look at Europe they've lowered 11 times

00:1911 times in a short period of time we've lowered zero and you know they are

00:25competition although we're in the process of probably making a very good

00:30deal with them to there they want to make a deal very badly very badly so

00:34we're making the deal we just completed our deal with Indonesia we just

00:38completed our deal with the Philippines we're making unbelievable deals and the

00:43money is pouring in we want to get interest rates at some point does the

00:47level of interest rates now slow economic growth yeah it never helps it if it's

00:53high never helps it well it's already as good as we're doing think of how well

00:59would be do it would be like a rocket ship as good as we're doing we do better if

01:03we had lower interest rates and we should we're prime don't forget without us the

01:08whole world collapses so we should have the lowest interest rate because you

01:12know you could talk about Switzerland you can talk about wonderful countries no

01:15debt no but without us everything collapses we should have the lowest

01:19interest rate and if you took it down three points not a little bit but three

01:25points if you got us down to one we would save more than a trillion dollars

01:29basically with just a paper transfer you wouldn't be cutting costs of anything you

01:35wouldn't be building anything just a move of the hand saying we're gonna lower

01:40interest rates you would save a trillion dollars a year and there's there's

01:46nothing you can do to save that kind of money so so well we we had a little talk

01:52about it and I thought it was a very productive talk he'll be able to tell

01:57you at his next meeting but I will say that he did say the country is doing

02:01really well