403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Trump Demands Fed Rate Cuts, Threatens Trade Action Over Deficits
(MENAFN) President Donald Trump pressed the Federal Reserve on Friday to slash interest rates, arguing the US economy has strengthened and that elevated borrowing costs leave the country at a competitive disadvantage.
"Great jobs number just announced, breaking all estimates (except mine!) by double and triple," Trump wrote on his Truth Social platform, using the data to bolster his case for lower rates.
"Lower the interest rates because the U.S.A. is a much stronger credit than it was just a short time ago!" he wrote, adding: "A strong country means a lower interest rate — it's a better credit."
Trump argued the US should command the world's lowest interest rate "like 'the old days,'" tying monetary policy directly to trade policy and warning of further action against countries running trade surpluses with Washington.
"Lower the rate or I'll stop trading with countries with which we have a deficit," he said, while also criticizing the Supreme Court's recent tariff ruling and calling a trade freeze with deficit countries "better than tariffs!"
"The Fed Board, with its great new leader, must get smart — be patriots for a change," Trump wrote, adding: "High interest rates put the U.S.A. at a very unfair disadvantage, and I won't allow that to happen!"
In a follow-up post, Trump widened his critique, arguing robust jobs data should have lifted stocks rather than stoked inflation fears. He described markets as trapped in a "False Reality" that treats good economic news as a signal to slow growth through higher rates.
"Growth does not cause inflation!" he wrote, calling for far faster GDP expansion — 15% or 20% annually rather than 2%, 3% or 4% — and claiming such growth would let the US tackle its debt and strengthen its financial standing.
"Great jobs number just announced, breaking all estimates (except mine!) by double and triple," Trump wrote on his Truth Social platform, using the data to bolster his case for lower rates.
"Lower the interest rates because the U.S.A. is a much stronger credit than it was just a short time ago!" he wrote, adding: "A strong country means a lower interest rate — it's a better credit."
Trump argued the US should command the world's lowest interest rate "like 'the old days,'" tying monetary policy directly to trade policy and warning of further action against countries running trade surpluses with Washington.
"Lower the rate or I'll stop trading with countries with which we have a deficit," he said, while also criticizing the Supreme Court's recent tariff ruling and calling a trade freeze with deficit countries "better than tariffs!"
"The Fed Board, with its great new leader, must get smart — be patriots for a change," Trump wrote, adding: "High interest rates put the U.S.A. at a very unfair disadvantage, and I won't allow that to happen!"
In a follow-up post, Trump widened his critique, arguing robust jobs data should have lifted stocks rather than stoked inflation fears. He described markets as trapped in a "False Reality" that treats good economic news as a signal to slow growth through higher rates.
"Growth does not cause inflation!" he wrote, calling for far faster GDP expansion — 15% or 20% annually rather than 2%, 3% or 4% — and claiming such growth would let the US tackle its debt and strengthen its financial standing.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment