Donald Trump Latest News: Trump Urges Fed To Cut Interest Rates Despite Strong US Jobs Data; Nearly 60% of Traders Bet On September Hike
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6 Articles
Following unexpectedly positive employment data, US President Donald Trump has increased pressure on the independent Central Bank to cut interest rates, Reuters reports.
Donald Trump Latest News: Trump Urges Fed To Cut Interest Rates Despite Strong US Jobs Data; Nearly 60% of Traders Bet On September Hike
Donald Trump Latest News: Trump argued that the US should have the “LOWEST RATE of any country in the World”, while criticizing the impact of high interest rates on the American economy. In a social media post, Trump said higher rates put the US at a “very unfair disadvantage” and urged the Federal Reserve to act.
Evening digest: Trump pressures Fed as US jobs rise, gold falls
President Donald Trump renewed pressure on the Federal Reserve to lower interest rates after stronger-than-expected August jobs data increased expectations of a September rate hike. US employers added 162,000 jobs in August, sharply exceeding forecasts and keeping the unemployment rate at 4.1%. Gold prices fell as stronger labor data boosted expectations for higher interest rates and lifted the US dollar. Oil prices declined on Friday but remain…
“High interest rates are unfairly hurting the United States, and I will not allow it!” he wrote on his Truth Social platform on Friday, arguing that the United States should have the lowest interest rates in the world.
Washington (IPS) - US President Donald Trump has issued a statement on Truth Social regarding the US economy and employment. Donald Trump said that 162,000 new jobs were added in the US in August, and the employment figures in the US were better than all estimates. The US President said that […]
US President Donald Trump reiterated his call for the Fed to cut interest rates after non-farm payroll data strengthened expectations of an interest rate hike.
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