Trump urges Fed to cut rates again

U.S. President Donald Trump is once again pressuring the Federal Reserve to cut interest rates, warning of the imposition of a trade ban on countries with trade deficits with the United States if they do not respond. This came after the August jobs report, which showed the addition of 162,000 jobs and maintained the unemployment rate, bolstering expectations of a rate hike at the upcoming Federal Reserve meeting on September 15. Trump urged the central bank to act wisely and described the current interest rates as unfair, indicating that his actions could lead to legal disputes, amid ongoing tensions between the presidency and the central bank over monetary policy.

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