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Posted on 09/04/2026 7:25:48 AM PDT by Miami Rebel
President Donald Trump on Friday demanded that the Federal Reserve slash interest rates or else he will cut off trade with countries with which the U.S. maintains trade deficits.
Trump issued the sweeping ultimatum in a Truth Social post reacting to a much-stronger-than-expected monthly jobs report by urging the central bank and its chairman, Kevin Warsh, to “get smart” and cut rates.
Read Trump’s full post:
Great jobs number just announced, breaking all estimates (except mine!) by double and triple - And you haven’t seen anything yet! EMPLOYERS ADDED 162,000 JOB IN AUGUST. Lower the interest rates because the U.S.A. is a much stronger credit than it was just a short time ago! A STRONG COUNTRY MEANS A LOWER INTEREST RATE - IT’S A BETTER CREDIT…Very simple! We should have the LOWEST RATE of any country in the World, like “the old days.” Without the United States agreeing to allow them their big surpluses, and we could stop that immediately, they would no longer be considered financially ELITE! LOWER THE RATE OR I’LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT, which the U.S. Supreme Court, in its ridiculous and very costly Tariff decision, strongly acknowledged “the President” has an absolute right to do. IT’S BETTER THAN TARIFFS! The Fed Board, with its great new leader, must get smart - BE PATRIOTS for a change. High interest rates put the U.S.A. at a very unfair disadvantage, and I won’t allow that to happen! President DONALD J. TRUMP
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When I read this to my son (we're out of town for a grandson's first birthday,) he said that it's like the scene in Blazing Saddles where Sheriff Bart holds himself hostage.
It’s an odd threat, but a threat nonetheless. I’m a stubborn old guy. If I were the Fed chairman, I’d dig my heels in a bit just to show my independence.
This is probably why no president has appointed me to any position.
😀
The fed could lower rates AN ENTIRE POINT in this economy!!!
WTF are they waiting for? It to turn bad again?
That’s the most foolish thing he said in quite a while. And that is saying quite a bit.
Jaw droppingly bad idea.
The Erdogan school of economics strikes again.
Reminds of that old National Lampoon magazine cover with the gun to the dog’s head:
Do This Stupid Thing.... Or the Economy Gets it!
Let me try to explain for the umpteenth time:
Lowering short-term rates = cheapening the dollar. It is expansionist/inflationary.
It is a step central banks take in a weakening economy.
“The fed could lower rates AN ENTIRE POINT in this economy!!!”
So you want 15% inflation?
Government needs to spend less money and have lower deficits.
The Fed has finally been doing a great job and I support them.
That's in fact the big issue here.
We are caught between the Scylla of an elected government that cannot be trusted to manage a fiat currency and the Charybdis of a bank and Wall Street controlled entity that inflates or deflates the currency for its own interests.
The only way to get out of this is to reestablish a tie to gold and reissue the currency. That would also end the vast trade deficits as they would have to be paid for in gold and if you do that you must devalue your currency against the trade surplus countries' currencies.
The Fed is the reason we've had 50% or more inflation over the past few years and why we're $40 trillion in debt.
The Fed enables utterly irresponsible government actions like the lockdowns followed by "COVID cash." And during most of my lifetime, it has tightened monetary policy when it should not have or kept policy too loose for far too long.
If interest rates were dropped 1%, the interest rate would be less than the inflation rate. Who in their right mind would lend money at less than the inflation rate? Where is the risk premium there? Geeez
You’re a globalist free traitor so being pro American doesn’t make sense to you.
Economic expansion is not inflationary. Productivity always makes up the difference.
You’re right. But Powell, guilty of gross malpractice and being smug and arrogant about it, is gone now. Don’t forget Powell was appointed by Trump.
Yep, the Fed has not reached its goal of 2% inflation for over 5 1/2 years now,,,,since Jan. 2021. Really impressive performance…/s
I voted for this.
What was the fed rate in 2021?
who says inflation has to be 3 or 4 %
Diring Bidumb they kep claiming it was 9 - to 12 percent, when it cearly was nearly 100% (total over 4 years)
I could enjoy a few years of 1 or 2% inflation
dumb or malicious?
Feel free to lend me as much money as you can at less than the inflation rate!…lol
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