US president warns of trade restrictions over high interest rates
U.S. President Donald Trump threatens to halt trade with certain countries if the Federal Reserve does not agree to ease monetary policy and cut interest rates. He expressed concern about the limited growth in the labor market, noting that recent data indicates a strong workforce with employment rising by 162,000 jobs in August, surpassing expectations of 55,000 jobs. However, Trump did not clarify the relationship he believes exists between lowering interest rates and the trade deficit with specific countries. His threats come amid comments from the Federal Reserve Chairman emphasizing the importance of price stability and his readiness to raise interest rates to combat expected inflation, as new inflation data remains awaited.
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