CNBC Daily Open: Trump bemoans 'ridiculous rates'

US President Donald Trump, right, and Kevin Warsh, chairman of the US Federal Reserve, during a swearing-in ceremony in the East Room of the White House in Washington, DC, US, on Friday, May 22, 2026. Yuri Gripas | Bloomberg | Getty ImagesHello, this is Leonie Kidd coming to you from London. In the last 24 hours, President Donald Trump has taken on interest rates, calling them "ridiculous"; he has ratcheted up the economic pressure on Iran, vowing "economic warfare"; and he has lent support to the crypto industry through the "Clarity Act."It's a lot of fronts for markets, but investors seem to be taking an optimistic view today towards the end of a see-saw week. What you need to know todayU.S. President Donald Trump has turned his sights back on the Fed, suggesting members of the Federal Reserve Open Market Committee hike rates "because they like the politics of it." He described the current level of the benchmark interest rate as "artificial," adding that "we're powering through these ridiculous interest rates. They're ridiculous." His comments come as the Treasury Department announced it would double the level of government debt buybacks over the coming months, in a move to stead...