Trump Demands Rate Cuts as 162,000 New Jobs Pushes the Fed Toward a Hike
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BizTocTrump Demands Rate Cuts as 162,000 New Jobs Pushes the Fed Toward a Hike
August payrolls just tripled expectations, inflation is still running hot, and the president is publicly threatening the Fed to cut rates anyway. Something has to give.
Key takeaways: Donald Trump recently demanded via Truth Social that the Federal Reserve lower interest rates, arguing that the current high cost of borrowing hinders American competitiveness. Citing recent employment figures that exceeded most expectations, the president stated that the country's improved economic position should lead to lower […]
Ten days before a meeting at which the Federal Reserve is expected to consider raising interest rates, the Trump administration appears to have launched a concerted pressure campaign to stop the hike in its tracks. Over the past week, the president, vice president, treasury secretary and one of the president’s top economic advisers have all called on the Fed not to raise rates and, in some cases, to cut them. It’s an unusually broad public press…
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