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 The Korea Times. Trump's statement comes after the Bureau of Labor Statistics reported stronger-than-expected job creation in August, raising expectations of a potential rate hike later this month. The president has previously demanded that the Fed lower rates, arguing that high interest rates put the U.S. at an unfair disadvantage.
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.
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