Trump Threatens Fed, Trade Deficit Countries Over Interest Rates

President Donald Trump issued a stark threat to the Federal Reserve on Truth Social, demanding that it cut interest rates and threatening to halt trade with countries running a goods deficit against the US if it doesn't.

The move comes after a stronger-than-expected August jobs report showed 162,000 new jobs added, more than double economists' forecasts, with an unemployment rate of 4.1%.

Trump's statement cited a Supreme Court ruling, but his legal claim overstates the decision, which actually went against him on tariffs.

The Federal Reserve's target range upper bound stands at 3.75%, and core PCE is at a one-year high of 130.66, which could indicate a need for rate increases rather than cuts.