President Trump reacted to Wednesday's Fed rate hike, saying "Interest Rates in the United States should be 1%, or less" and acknowledging he discussed with Kevin Warsh the Fed chair's plans for how to vote ahead of time.

"I talked to Kevin and I said, 'you might as well vote with the board because it's not going to matter,'" Trump told reporters Wednesday evening.

The Federal Open Market Committee voted unanimously Wednesday to raise rates by 25 basis points, its first hike in three years and the first under Warsh.

The president, who has spent more than a year calling for lower rates, first Read Entire Article