Trump says if 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 cuts interest rates, he would stop trading with countries with which the United States has 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 has threatened to stop trading with countries with which the United States has a deficit if the Federal Reserve does not cut interest rates, according to a report from The Korea Times. The President made this statement following a stronger-than-expected job creation report from the Bureau of Labor Statistics, which has prompted traders to increase bets on a potential rate hike later in the month.
Trump emphasized the need for the lowest interest rates in the world, stating that failing to lower the rate would result in him ceasing trade with deficit countries.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
