Trump says if the Fed doesn't cut rates, he'll stop trading with some nations
WASHINGTON — U.S. President Donald Trump on Friday said that unless the Federal Reserve cut interest rates, he would stop trading with countries with which the United States had a deficit. "High interest rates put the U.S.A. at a very unfair disadvantage, and I won't allow that to happen!" said Trump, who has repeatedly demanded that the Fed cut rates. The Bureau of Labor Statistics on Friday…
U.S. President Donald Trump warned on Friday that if the Federal Reserve does not reduce interest rates, he will cease trading with countries with which the United States maintains a deficit. Trump emphasized that high interest rates put the U.S. at a significant disadvantage. He argued against such a scenario, stating, "I won't allow that to happen!"
The Federal Reserve's decision on interest rates came into question after the Bureau of Labor Statistics reported stronger-than-expected job growth in August, which led traders to increase their bets on a potential rate hike later in the month. In a post on Truth Social, Trump reiterated his stance, demanding the lowest interest rate globally and threatening to halt trade with countries that have a deficit with the U.S., unless the Federal Reserve lowers interest rates.
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