Trump demands Fed board get smart and lower interest rates after stronger-than-expected jobs report

WASHINGTON — President Trump demanded Friday that the Federal Reserve lower interest rates after a surprisingly strong August jobs report — despite expectations that the central bank’s board will either maintain or raise rates due to persistently elevated inflation.Trump threatened to sever trade relations with unnamed countries if the Fed didn’t heed his call.“Great jobs number just announced, breaking all estimates (except mine!) by double and triple – And you haven’t seen anything yet!” he wrote on Truth Social.“EMPLOYERS ADDED 162,000 JOB IN AUGUST.Lower the interest rates because the U.S.A.

is a much stronger credit than it was just a short time ago! A STRONG COUNTRY MEANS A LOWER INTEREST RATE – IT’S A BETTER CREDIT…Very simple!”Trump added: “We should have the LOWEST RATE of any country in the World, like ‘the old days.’ Without the United States agreeing to allow them their big surpluses, and we could stop that immediately, they would no longer be considered financially ELITE!”The president’s threat of trade actions is a new point of leverage with the board, which his now led by his appointee Kevin Warsh.“LOWER THE RATE OR I’LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT, which the U.S.Supreme Court, in its ridiculous and very costly Tariff decision, strongly acknowledged ‘the President’ has an absolute right to do,” Trump wrote.“IT’S BETTER THAN TARIFFS! The Fed Board, with its great new leader, must get smart – BE PATRIOTS for a change.

High interest rates put the U.S.A.at a very unfair disadvantage, and I won’t allow that to happen!”...