Trump reiterated his hope for lower interest rates, saying that keeping rates unchanged is better than raising them, and expressed great respect for Waller.

Trump reiterated his hope for lower interest rates, saying that keeping rates unchanged is better than raising them, and expressed great respect for Waller.

U.S. President Trump stated in an interview with reporters on Wednesday that, compared to raising interest rates, it is better for the Federal Reserve to pause rate actions;He reiterated his hope to lower interest rates and expects inflation to be lower by year's end than it is now.

When asked: If the Federal Reserve pauses rate adjustments for the remainder of this year, would you accept that?

Trump replied: "Well, it's better than raising rates; I mean, I hope to see rates go down."

When asked: Would you give Waller some leeway to push for rate cuts later?

Trump replied: “Yes, I would. I respect him very much... Don't forget, he has a board. That board could be hostile, could hinder him. Maybe someone there doesn't want to do the right thing.”

Regarding inflation, Trump stated that oil prices will fluctuate for a period of time. Once the Iran situation stabilizes, oil prices will drop to $55 a barrel. He expects inflation to be lower by the end of the year than it is now.

Regarding the U.S.-Iran conflict, Trump declared that Iran wants a meeting and is very eager to reach a reconciliation.

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