Trump made an erroneous claim about the U.S. economy, stating that the country has achieved the best credit rating in the world. He pressured Federal Reserve Chair Jerome Powell to lower interest rates, citing nonexistent improvements to the credit rating. In actuality, the U.S. rating is AA1, which is not the highest; other countries like Australia and Canada have AAA ratings. The downgrade in the U.S. credit rating was due to rising debt levels and uncertainty about tax policies.
Trump's assertion that the U.S. holds the best credit rating in the world is false. The U.S. is rated AA1 by Moody's, which is not the highest.
Despite claiming a 'gigantic comeback', Trump ignored the reality that 11 other countries hold AAA ratings, surpassing the U.S. credit standing.
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