US President Donald Trump said today that unless the Federal Reserve cut interest rates, he would stop trading with countries with which the US had a deficit.
“High interest rates put the USA at a very unfair disadvantage, and I won’t allow that to happen!” said Trump, who has repeatedly demanded that the Fed cut rates.
The Bureau of Labor Statistics today reported stronger-than-expected job creation in August, prompting traders to boost bets on a hike later this month.
“We should have the LOWEST RATE of any country in the World … LOWER THE RATE OR I’LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT,” Trump said in a Truth Social post.
