Quartz·1 min read·easy
Trump is threatening to cut trade with deficit nations if the Fed won't slash interest rates
✦AI Summary
President Trump has threatened to restrict trade with nations that maintain a trade deficit with the U.S. if the Federal Reserve does not lower interest rates. This ultimatum follows a stronger-than-expected August jobs report.
Why it matters
The statement highlights potential future tensions between executive trade policy and the independence of the Federal Reserve's monetary policy.
The president issued the ultimatum in a Truth…
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politicseconomy
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