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 lower interest rates, he will cease trading with nations that have a deficit relationship with the United States. In a recent statement, Trump emphasized that high interest rates place the U.S. at a significant disadvantage. The White House reports that President Trump, who has consistently called for the Federal Reserve to reduce rates, made these remarks following a report by the Bureau of Labor Statistics on Friday.
The report highlighted stronger-than-expected job growth in August, leading to increased speculation about an interest rate hike later in the month. In a post on Truth Social, President Trump reiterated his stance, stating, "LOWER THE RATE OR I’LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT."
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