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Started By
Message
Trump tells Fed to cut rates or he'll end trade with countries who have a trade surplus
Posted on 9/4/26 at 9:28 am
Posted on 9/4/26 at 9:28 am
quote:CNBC
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
The message shows Trump resuming his pressure campaign against the Fed, which had eased since the appointment of Warsh, his handpicked successor to Jerome Powell.
Taken at face value, the threat to end trade with deficit-harboring countries is extreme: The U.S. has large trade deficits with dozens of countries, including its top trading partners. The White House did not immediately respond to CNBC’s request for additional information on the post.
The post comes two months before the midterm elections, where Americans’ unhappiness with persistent high inflation has been a dominant theme.
Trump has long sought lower interest rates and frequently complains about U.S. deficits with other countries.
This is breaking news. Please refresh for updates.
Really pretty fricking stupid
12
Posted on 9/4/26 at 9:33 am to bigjoe1
he might be the stupidest person ever to have this much power. And there have been many stupid people before him
Impressive
Impressive
Posted on 9/4/26 at 9:37 am to bigjoe1
Toddler throwing a tantrum
Posted on 9/4/26 at 10:21 am to bigjoe1
I like that he is tacitly acknowledging that his trade deficit based tariff policy is silly and unwanted by Americans. Otherwise, it would make no sense to use it as a threat 
Posted on 9/4/26 at 10:40 am to bigjoe1
Warsch needs to cut multiple times
Posted on 9/4/26 at 10:56 am to bigjoe1
Everything points to the need to raise rates...
So he is pulling out the stops to keep it from happening
So he is pulling out the stops to keep it from happening
Posted on 9/4/26 at 11:13 am to UltimaParadox
It’ll be a tumultuous Fall. But, after midterms the atmosphere shifts dramatically. At that point the Oval Office has no more allies, just a few mercenaries that need PAC money.
Posted on 9/4/26 at 11:14 am to UltimaParadox
quote:10% across the board. Make America stable again
Everything points to the need to raise rates...
Posted on 9/4/26 at 11:34 am to bigjoe1
Cut interest rates and watch every day cost of living items hyperinflate.
Posted on 9/4/26 at 11:59 am to The Scofflaw
They have already inflated. They need to inflate wages -
Posted on 9/4/26 at 12:13 pm to UltimaParadox
We need to get this nihilistic retard the frick out of here.
Posted on 9/4/26 at 12:16 pm to StonewallJack
quote:
They have already inflated. They need to inflate wages -
We have too much """talented""" labor that was imported over the past 8 years driving down wages and suppressing equilibrium. Once they are gone, real wages should see material increases imo.
Posted on 9/4/26 at 12:53 pm to SDVTiger
quote:
Warsch needs to cut multiple times
He will but my guess is he leaves them where they are for another meeting to bolster credibility. He'll probably say this is mostly cost push from $6 diesel and he'd be partly right. What he won't say is raising with interest expense already at 1T is inflationary. Most of that interest is paid to boomers who spend it into the economy. Nor will he admit that our tits up govt can't afford higher rates without either the Fed stepping in to buy the long end or Bessent further skewing issuance short, both characteristic of an emerging market in a debt crisis.
Posted on 9/4/26 at 1:13 pm to SDVTiger
quote:
Warsch needs to cut multiple times
How long until you start calling him Too Late?
Posted on 9/4/26 at 3:08 pm to bigjoe1
This guy is an embarrassment to this country. Somehow, him and his administration are much more of an embarrassment to this country than brain dead Biden.
Can't believe this country elected this idiot again. Was his first term not enough evidence that he's an idiot?
Can't believe this country elected this idiot again. Was his first term not enough evidence that he's an idiot?
Posted on 9/4/26 at 3:20 pm to saint tiger225
incompetent unserious hypocritical buffoons.
these are some of the stupidest people ever assembled in one place
these are some of the stupidest people ever assembled in one place
Posted on 9/4/26 at 3:39 pm to cgrand
It's amazing people are cheering on the downfall of our country while simultaneously being so brainwashed they keep thinking they're making it great (again). Many of these people are too stupid to even understand what made America great in the first place.
Posted on 9/4/26 at 4:27 pm to saint tiger225
Trump doubled down this afternoon. Again, CNBC
quote:
But in the Oval Office on Friday afternoon, Trump once again portrayed deficits as a zero-sum game in which other countries are taking advantage of the U.S.
“We have a big deficit with a lot of countries that should never have been allowed to happen,” Trump said.
Read more CNBC politics and policy coverage
Trump-touted Freedom Fuel expands to Detroit amid suit over supplier’s unpaid fuel
Vance says Fed should lower interest rates: ‘Would be nice to have some help’
Canada PM Carney swipes at Trump Commerce Sec. Lutnick over trade, tariff row
“We have the right to take a so-called financially elite country that’s paying a much lower interest rate ... Some countries are paying a half a point, and we’re paying four points, and yet we’re a much stronger credit than they are,” he said.
“If we’re not going to be treated properly, we’re going to do that,” Trump said. “And all we have to do to cut our trade deficit with the country is not trade with them
He named Canada — which is currently locked in a trade and tariff feud with the U.S. — as an example.
“If we were playing hardball, all we’d do is say we’re going to do no trading with Canada. If we did no trading with Canada, we’d save 90 billion dollars,” Trump claimed.
“And so what I’m saying, very simply, is that we should be paying the lowest interest rate in the world,” he said. “Each point in interest in this country that we pay costs us $650 billion. We should be at 1 percent or a half a percent. We shouldn’t be at 4 percent.”
Trump cranks heat on Warsh
Friday’s comments show Trump resuming his pressure campaign against the Fed, which had eased since the appointment of Warsh, his handpicked successor to Jerome Powell.
The post and later comments arrived two months before the midterm elections, where Americans’ unhappiness with persistent high inflation has been a dominant theme.
A week earlier, Warsh suggested in a speech that rate hikes could soon be on the table. The Fed chair said he is committed to bringing the inflation rate back down to the central bank’s 2% target, “Short-term interest rates are the predominant tool to achieve the dual mandate.”
On Thursday, Vice President JD Vance called for lower rates, arguing it would be the “proper and responsible” response to recent U.S. inflation data.
National Economic Council Director Kevin Hassett, asked about interest rates on CNBC on Friday morning, said, “the Fed will do what it wants to do. We respect their independence, but I think the argument for holding steady would be pretty strong.”
Posted on 9/4/26 at 6:01 pm to bigjoe1
It’s almost as if some people have never heard of the term bully pulpit.
Posted on 9/4/26 at 6:06 pm to cgrand
quote:
he might be the stupidest person ever to have this much power.
I honestly don't think he's dumb at all. He's either just going into raging senile old man, or
quote:
Toddler throwing a tantrum
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