Europe Asia News

US President Donald Trump, commenting on the newly released labor market data, said employers added 162,000 new jobs in August and called on the Fed to lower interest rates.

Trump argued that the employment figures came in above forecasts and said the United States’ credit strength was stronger than in the previous period. Stating that a strong country should have lower interest rates and better credit, Trump said the United States should have the lowest interest rates in the world.

Trump said the United States could stop trading with countries with which it runs a trade deficit and argued that the US Supreme Court, in its ruling on tariffs, had recognized the president’s authority on the matter.

Trump renewed his call on the Federal Reserve Board of Governors to lower interest rates, saying high rates put the United States at a disadvantage.