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Trump pushes Fed on rates and trade
U.S. President Donald Trump has called on the Federal Reserve to cut interest rates, threatening to halt trade with countries that have large trade surpluses with the United States if they do not do so, arguing that the strength of the American economy justifies this. This came after the jobs report that added 162,000 jobs in August, with Trump asserting that lowering interest rates would be better than imposing tariffs. At the same time, Federal Reserve officials indicated that the central bank would continue making decisions based on the economic situation, respecting its independence, despite increasing calls for rate cuts. These statements aim to pressure the Fed to boost economic growth and reduce the trade deficit, which remains large with many countries.
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