Trump pressures Federal Reserve for interest rate cuts
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Trump's post puts his handpicked Fed chair, Kevin Warsh, in a tough position before this month's policy meeting, as markets eye higher odds of a rate hike.
President Donald Trump intensified pressure on the Federal Reserve to lower interest rates, threatening to cut off trade with certain economies with which the US has a deficit if the central bank doesn’t act.
President Donald Trump reacted Friday to the hotter-than-expected August nonfarm payrolls report by threatening to halt trade with countries running trade surpluses with the U.S., unless the Federal Reserve lowers interest rates.
President Trump increased pressure on the Federal Reserve to lower interest rates, threatening trade cuts with countries with trade deficits.
Eligible borrowers can earn a 1 percentage point interest rate reduction if they enroll in automatic payments by September 30.