Forex
Trump Demands Lower Interest Rates or Faces Trade Retaliation
US President Donald Trump has called on the Federal Reserve to lower interest rates in response to strong job numbers. In a statement, Trump said that the US is a 'stronger credit' than it was just a short time ago and therefore deserves lower interest rates. He added that a strong country means a better credit.
Trump also mentioned that he would stop trading with countries that have a deficit with the US if the Fed doesn't lower interest rates. This statement has been met with skepticism, as many experts believe it's an unrealistic threat.
The market is reacting to this news with caution, as the data from the jobs report was less-hawkish than initially thought. The US dollar has given back most of its gains following Trump's comments.