Trump also targeted the Federal Reserve's leadership, calling on the board and its new leader, Kevin Warsh, to lower borrowing costs. He argued that high interest rates were placing the US at an unfair disadvantage. (AP Photo/Mark Schiefelbein)
\n\nUS President Donald Trump on Friday stepped up his pressure on the Federal Reserve to lower interest rates, saying the United States should have some of the lowest borrowing costs in the world and warning that he could halt trade with countries with which the US runs a trade deficit.
\n\nTrump made the remarks after the release of stronger-than-expected US employment data showing that employers added 162,000 jobs in August. He cited the figures as evidence of economic strength and argued that a stronger US economy should translate into lower interest rates.
\n\nIn a post on social media, Trump urged the Federal Reserve to reduce borrowing costs, saying the US was in a stronger financial position than it had been previously.
\n\nTrump then escalated his criticism by linking interest rates to US trade policy. He warned that Washington could stop trading with countries where the US has a trade deficit if the Federal Reserve does not lower rates.
\n\n"We should have the…
Original source: https://www.timesnownews.com/world
