Forex
Trump Demands Fed Cut Interest Rates Amid Strong Jobs Report
US President Donald Trump has called on the Federal Reserve to lower interest rates in response to a strong August jobs report. The economy added 162,000 payrolls, exceeding expectations of 53,000.
Trump took to his social media platform, Truth Social, to express his views, stating that the strong jobs figures reflect the US's improved credit position.
The President also threatened to stop trading with countries that have a deficit with the US if the Fed does not lower rates. He believes the US should have the lowest interest rate among all countries.
Markets are mixed on the impact of the jobs report, with some seeing it as a sign that the economy can withstand higher interest rates.