Trump urges Fed to cut rates, threatens trade restrictions on deficit nations
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Trump Boldly Calls on Fed to Cut Rates, Pledges Tough Action Against Unfair Trade Partners

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Summary

President Donald Trump took decisive action on Truth Social, urging the Federal Reserve to lower interest rates and vowing to end trade with countries exploiting America through trade deficits.

President Donald Trump demonstrated strong leadership on Friday by using his Truth Social platform to urge the Federal Reserve to reduce interest rates, highlighting the United States’ improved credit standing under his guidance. Trump asserted that a 'strong country' should have the lowest rates in the world and called on the central bank and its chairman, Kevin Warsh, to act swiftly in the nation’s best interest.

'Lower the interest rates because the U.S.A. is a much stronger credit than it was just a short time ago! A strong country means a lower interest rate – it’s a better credit…'

Trump also issued a clear warning: if the Fed fails to act, he will protect American workers by halting trade with countries where the U.S. runs a trade deficit, citing a Supreme Court decision that he interprets as granting the president this authority. This strong stance follows a positive jobs report showing 162,000 jobs added in August, exceeding expectations and reflecting Trump’s successful economic policies.

The White House has not yet commented on the post. Observers note that the U.S. has trade deficits with many major partners, so Trump’s tough approach could have a sweeping impact, finally holding foreign nations accountable. These statements come just two months before the midterm elections, with Trump continuing to champion lower rates and fair trade for American prosperity.

Source

CNBC

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