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2026-09-04T17:19:33.265Z

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Trump urges Fed rate cut after jobs report

Trump urges Fed rate cut after jobs report

The article discusses efforts by U.S. President Donald Trump to increase pressure on the Federal Reserve to cut interest rates, warning of a trade ban with countries that have a trade deficit with the United States if the central bank does not take this action. This came after the August Jobs Report, which showed unexpected growth in the labor market, adding 162,000 jobs and maintaining the unemployment rate, thereby reinforcing expectations of a rate hike at the upcoming September meeting. It is worth noting that Trump, in his post, called on Federal Reserve Chairman Jerome Powell to make "national" and appropriate decisions, renewing his campaign to pressure the bank despite previously withdrawing from it. Trump's main demand is to lower interest rates to ease the burden of high rates on the U.S. economy, amidst internal dissatisfaction with the management of the economic crisis and international tensions.

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