Trump Calls for Global Interest Rate Cuts, Lower Oil Prices at Davos

During his address at the World Economic Forum in Davos, President Donald Trump called for immediate cuts in interest rates by the Federal Reserve, emphasizing the need for coordinated global monetary policy as a response to declining oil prices. He urged OPEC and Saudi Arabia to lower oil prices to alleviate economic pressures, claiming that a reduction could help end the ongoing war in Ukraine. Trump also proposed that NATO countries significantly increase their defense spending, which he argued was essential for global stability. Additionally, he reiterated his commitment to bringing manufacturing back to the U.S. through tariffs and highlighted investments from companies like SoftBank in artificial intelligence. His remarks reflect a broader strategy aimed at reversing inflation and enhancing the U.S. economy through deregulation and energy production. The speech was delivered virtually and attracted significant attention from global business leaders and officials in attendance.