Trump demands Fed to cut rates or face trade bans
U.S. President Donald Trump reiterated his call to cut interest rates, despite the release of strong employment data where the American economy added 162,000 jobs in August, surpassing expectations of 55,000 jobs, and the unemployment rate remained at 4.1%. Trump urged the Federal Reserve to lower rates, emphasizing that the strength of the economy justifies lower borrowing costs and that countries with better credit ratings deserve lower interest rates. He also hinted at stopping trade with countries whose imports into the U.S. exceed their exports, if interest rates remain high, though he did not specify when he might do so or name any specific countries.
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