Trump urges rapid interest rate drop after Fed announces quarter point hike

… <p>The president went on to note the U.S. is “carrying’ nearly every country and “that cannot go on any longer.”</p> <p>“LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST!” Trump said.&nbsp;</p> <div class="nexstar-minutemedia-player-container" hidden data-minutemedia-viewport="desktop" data-player-id="k036p9v5" data-stn-player="" data-s2n-api="minuteMediaS2NApi"></div> <p>Trump’s reaction came about two hours after the Federal Reserve announced it would increase interest rates by a quarter point to four percent, marking the first interest rate hike in three years. </p> <p>Federal Reserve Chair Kevin Warsh argued that the move will “support a timelier return” to the Fed’s 2 percent inflation target.</p> <p>“I would be hard pressed to describe broad financial conditions as restrictive,” he told reporters. “This view was widely shared by the committee, so we removed a dose of accommodation.”</p> …