Trump Demands Lower Interest Rates Amid Strong US Jobs Data

US President Donald Trump has called for lower interest rates, arguing that the US is financially stronger and should have the lowest borrowing costs. In a lengthy Truth Social post, Trump said the United States is now a “much stronger credit” than it was a short time ago. He claimed high interest rates put the US at an unfair disadvantage.

Trump 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. He argued that such a step would be preferable to tariffs and urged the Federal Reserve to act.

The US Bureau of Labor Statistics reported nonfarm payroll employment increased by 162,000 in August, while the unemployment rate remained unchanged at 4.1 per cent. Trump celebrated the latest US jobs data, saying employers added 162,000 jobs in August.