Trump Demands Lower Interest Rates Amid Strong Jobs Report

The US economy added 162,000 jobs in August, exceeding expectations and boosting the chances of a quarter-point interest rate hike by the Federal Reserve.

President Donald Trump responded to the strong jobs report by calling on the Fed to lower rates, arguing that a strong country deserves low interest rates. He threatened to cut trade with countries that have a deficit with the US if the Fed doesn't comply.

In a social media post, Trump claimed that the US is 'a much stronger credit than it was just a short time ago' and should have the lowest interest rate in the world. He also suggested that higher interest rates put the US at an unfair disadvantage.