Trump says if the Fed doesn't cut rates, he'll stop trading with some nations
- Says US should have the lowest rate of any country in the world
Donald Trump threatened to halt trade with countries having a deficit if the Federal Reserve doesn't cut interest rates, arguing high rates disadvantage the U.S.
- President Trump's demands for interest rate cuts.
- Threats of trade action against deficit countries.
- Market expectations following strong job creation.
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 reported stronger-than-expected job creation in August, prompting traders to boost bets on a hike later this month.
Fed holds rates steady; three policymakers dissent in favor of a hike
“We should have the LOWEST RATE of any country in the World … LOWER THE RATE OR I’LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT,” Trump said in a Truth Social post.