Trump threatens to stop trade with other countries if the US doesn’t lower its own interest rates
- President Donald Trump threatened Friday to halt trade with every country that runs a surplus with the United States unless the Federal Reserve cuts interest rates, tying together two things that are not connected by any mechanism of American economic policy.
- In a 183-word post on Truth Social published hours after Bureau of Labor Statistics released a better-than-expected jobs report, Trump wrote in capital letters: "LOWER THE RATE OR I'LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT.
- "The president does not set interest rates, and the central bank’s Federal Open Market Committee do
Confirmed
- President Donald Trump threatened Friday to halt trade with every country that runs a surplus with the United States unless the Federal Reserve cuts interest rates, tying together two things that are not connected by any mechanism of American economic policy.
- "The president does not set interest rates, and the central bank’s Federal Open Market Committee do
Unverified
- In a 183-word post on Truth Social published hours after Bureau of Labor Statistics released a better-than-expected jobs report, Trump wrote in capital letters: "LOWER THE RATE OR I'LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT.
Sources: The Independent, Yahoo