Forex
Trump Threatens Trade Retaliation Unless Fed Cuts Rates
US President Donald Trump has threatened to halt trade with countries running trade surpluses with the United States unless the Federal Reserve eases monetary policy. This comes after he cited August's jobs report, which showed employment rising by 162,000, as sufficient for the Fed to cut rates. Trump made this statement on his Truth Social platform.
In a related development, fresh US inflation data are expected Friday following the August jobs report. The Federal Reserve officials have been emphasizing price stability, with Kevin Warsh signaling that higher rates could remain an option. Trump's comments highlight the ongoing tension between his administration and the Fed over monetary policy.