Trump demands Fed slash interest rates or he will cut off trade with countries with which the U.S. has trade deficits
President Donald Trump on Friday issued a sweeping ultimatum in a Truth Social post, reacting to a much-stronger-than-expected monthly jobs report. He urged the central bank and its chairman, Kevin Warsh, to "get smart" and cut rates, stating that a strong country means a lower interest rate, and the U.S. should have the lowest rate in the world. He threatened to stop trading with countries with which the U.S. has a deficit if the Fed does not lower rates, citing the President's right to do so.
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