Trump envisions U.S. growth hitting up to 20%, urging no Fed rate hike

President Trump claimed U.S. growth could reach as high as 20% annualized, arguing rapid expansion shouldn’t prompt the Fed to raise rates. BEA data show only one quarter with 20%+ growth since 1947 (Q3 2020), while current growth is about 1.5% in Q2 2026 and inflation remains above target, fueling debate over future policy moves.