President Donald Trump on Friday ordered the Federal Reserve to immediately cut interest rates, threatening to end trade with countries where the United States runs trade deficits. This statement comes after a better-than-expected jobs report showing 162,000 jobs added in August. Trump cited a U.S. Supreme Court ruling on tariffs to justify his authority to impose such measures. The president also called on the Fed’s future chairman, Kevin Warsh, to show patriotism by lowering rates.
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