President Trump departs for midterm campaign event as Federal Reserve announces rate hike

President Trump is traveling to North Carolina aboard Air Force One to campaign with Senate candidate Michael Whatley.

Before the departure, significant news broke from Washington as the Federal Reserve unanimously decided to raise interest rates.

The Fed says inflation is too high, partially due to energy prices and geopolitical uncertainties amid the war in Iran.

President Trump has been publicly pushing for rates to be lowered for months.

“Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World — BY FAR,” the President posted on social media Wednesday, “Our Country is BOOMING with new Investment! If we stopped Trading with every country that we have a Deficit with, which is most of them, we would make, at least, 1.5 Trillion Dollars a year. The word “Deficit” is nothing more than a fancy word for LOSS. We are “carrying” almost every country in the World, and that cannot go on any longer. LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST!”