1 hr ago
Trump Threatens Trade Halt Unless Federal Reserve Cuts Rates
Donald Trump wants the Federal Reserve to lower interest rates.
He said the United States is financially stronger and should have the lowest rate in the world.
He pointed to a report showing that 162,000 jobs were added in August.
Trump warned that the United States might stop trading with countries that sell more to America than they buy.
He made the warning on his Truth Social account.
He directed his message to Federal Reserve Chair Kevin Warsh and other board members.
Trump said they should act in what he called a patriotic way.
He also claimed that a Supreme Court tariff ruling supports his power to take such action.
President Donald Trump threatened to stop trading with countries running trade surpluses against the United States.
He made the threat Friday in a post on his Truth Social platform.
Trump demanded that Federal Reserve Chair Kevin Warsh and the Fed board lower interest rates.
He cited an August jobs report showing 162,000 jobs added and argued that the US economy was stronger.
Trump claimed the president had legal authority to act, citing a US Supreme Court tariff ruling.
- Who
- President Donald Trump, Federal Reserve Chair Kevin Warsh, and the Federal Reserve board.
- What
- Trump threatened to halt trade with countries running trade surpluses against the United States unless interest rates are lowered.
- Where
- Trump made the statement on Truth Social.
- When
- Friday, September 4; the year was not specified.
- Why
- Trump cited the United States' stronger credit and an August report showing 162,000 jobs added.
Key facts
- Jobs added in August
- 162,000
- Demand
- Trump called for lower Federal Reserve interest rates.
- Trade warning
- Trump threatened to stop trading with countries with which the United States has a trade deficit.
- Target of message
- Federal Reserve Chair Kevin Warsh and members of the Federal Reserve board.
- Trump's stated rate goal
- He said the United States should have the lowest interest rate of any country in the world.
- Legal justification cited
- Trump pointed to a US Supreme Court ruling concerning tariffs.
Quotes
Donald Trump
US president who issued the threat on Truth Social
“Lower the interest rates because the U.S.A. is a much stronger credit than it was just a short time ago!”
wionews.com
firstpost.com
“LOWER THE RATE OR I'LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT.”
wionews.com
firstpost.com
Sources
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