Trump demands Fed cut rates or halt trade
Donald Trump demanded the Federal Reserve lower interest rates, threatening to halt trade with countries having a trade deficit with the U.S. if the request is denied.
Consensus
- Donald Trump demanded that the Federal Reserve lower the key interest rate.
- Trump threatened to stop trading with countries that have a trade deficit with the U.S. if rates are not lowered.
- The demand was made via a post on Truth Social.
- The U.S. labor market data for August showed 162,000 new jobs created, exceeding expectations.
- The Federal Reserve maintained its interest rate at 3.5–3.75% in July.
- The next FOMC meeting is scheduled for September 17–18, 2026.
- Trump criticized the Federal Reserve for high interest rates, claiming they put the U.S. in an unfair position.
Points of divergence
- Trump claimed that a strong country means a lower interest rate and that this is the best credit. — vedomosti
- Trump stated that the U.S. Supreme Court recently ruled that the president has full authority to stop trade, and he emphasized that this is better than tariffs. — interfax
- Trump said the Federal Reserve should 'finally become a patriot' and that high rates put the U.S. in a 'very unfavorable position.' — vedomosti
- Trump said the new Fed chair, Kevin Warsh, should 'get a grip' and that the Fed should show patriotism. — interfax
- Trump claimed that the U.S. credit history is much better than it was recently. — vedomosti
- Trump said the labor data were 'two to three times better than all forecasts, except mine.' — interfax
Coverage (2 sources)
- Trump demanded Fed lower key rate under threat of trade stoppage — Ведомости
- Trump asked Fed to cut rates, threatened to cut trade with several countries — Интерфакс