President Donald Trump has threatened to halt trade with countries that run a surplus with the US if the Federal Reserve doesn't lower interest rates. In a post on Truth Social, Trump wrote "LOWER THE RATE OR I'LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT." He claimed that high interest rates put the US at an unfair disadvantage, but economists and experts point out that the Federal Reserve sets interest rates independently of trade policy. The post was made after a stronger-than-expected August jobs report, which showed 162,000 new roles added to the economy. This development has contributed to growing expectations that interest rates may be increased in September, despite Trump's calls for them to be cut.
his understanding of interest rates, inflation, and economic growth is so badly detached from reality.
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