Economy

Trump Threatens Trade Halt Over Federal Reserve Rates

Hindustan Times1h
THE BRIEF
1

President Donald Trump threatened to stop trading with countries holding a trade deficit with the US if the Federal Reserve does not lower interest rates.

2

The threat follows August job growth data showing 162,000 new jobs, with Trump arguing that current high rates place the US at an unfair disadvantage.

3

A Gallup poll from August indicates that 74% of Americans believe the economic outlook is worsening, a key concern ahead of the November 3 midterm elections.