Trump calls for lower interest rates, threatening trade restrictions against countries with US deficits.
Macro & Markets ·
Trump called for lower interest rates, warning that he would restrict trade with countries running deficits with the US if his demand is not met, citing high rates as creating an unfair disadvantage for the country. The threat follows a stronger-than-expected August jobs report and represents pressure on the Federal Reserve to cut rates while simultaneously conditioning trade policy on monetary decisions.