Trump said August job growth and a steady unemployment rate support lower interest rates, after posting that the U.S. added 162,000 jobs and calling on the Federal Reserve to cut rates.
Labor Department data showed the unemployment rate held at 4.1% in August, while job growth came in well above market expectations. Trump also said the U.S. credit position is strong enough to warrant the lowest interest rates globally and warned that trade with countries running trade deficits could be halted if they do not cooperate.
Trump Urges Fed Rate Cut After August Jobs Data Beats Expectations
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