Trump issued his demands in a lengthy social media post after a stronger-than-expected August jobs report, which could bolster the case for Fed officials to raise rates at their next policy meeting starting Sept. 15.

It’s unclear how such an action would help lower U.S. borrowing costs.

  • BarqsHasBite@lemmy.world
    61·
    2 days ago

    Trump issued his demands Friday in a lengthy social media post after a stronger-than-expected August jobs report, which could bolster the case for Fed officials to raise rates at their next policy meeting starting Sept. 15.

    In his post, the president exhorted his hand-picked Fed Chairman Kevin Warsh, whom he called “great,” and board members to “get smart” and “BE PATRIOTS for a change.”

    “LOWER THE RATE OR I’LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT,” Trump posted. “High interest rates put the U.S.A. at a very unfair disadvantage, and I won’t allow that to happen!”

    Fucking what?

    • CharlesDarwin@lemmy.worldEnglish
      2·
      20 hours ago

      I’LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT

      So glad we have so much “freedom” that we have donnie dictating how all of commerce works for the whole country. Meanwhile, the ghoulish cons keep acting like Teh SOSHULIIZZMS is coming for all of your freedoms!

      Also, donnie the dumb dumb is one of those morons that gets triggered by hearing “trade deficit”. 🙄

    • thallamabond@lemmy.worldOP
      36·
      2 days ago

      Well you see diesel gasoline is at a record high price, so you don’t want people talking about that.

      But who knows what this is actually a distraction from.