Carlyle Group: Trump's pressure to cut interest rates may raise long-term borrowing costs

Odaily News KKR Investment Group stated that U.S. President Trump is pressuring for a drop in interest rates, which could raise long-term borrowing costs. Allianz Chief Economic Advisor Mohamed El-Erian claimed, “If I were a member of the Federal Reserve Board of Governors, I would seriously advocate for a 50 basis point drop in interest rates at the September meeting.” (Jin10)