Trump Calls for Lower Interest Rates Citing US Financial Strength
US President Donald Trump called for lower interest rates, arguing that high rates put the US at an unfair disadvantage. In a lengthy Truth Social post, he stated that the United States is now a 'much stronger credit' than it was a short time ago and should have the lowest borrowing costs like 'the old days.'
Trump made his comments while celebrating the latest US jobs data, which showed employers added 162,000 jobs in August. He claimed the figure had exceeded expectations and stated that the US is financially stronger.
The President linked his call for lower interest rates to the US trade deficit, warning that Washington could stop trading with countries with which it runs a deficit if rates were not lowered. Trump argued that such a step would be preferable to tariffs and urged the Federal Reserve to act, saying high interest rates put the United States at an 'unfair disadvantage.'