Express News | Trump: Employment data far exceeds expectations; the Federal Reserve "should cut interest rates"

U.S. President Trump posted: The newly released employment data is excellent, surpassing all expectations (except mine!). The increase was two to three times higher than expected, and you haven’t seen the full picture yet! U.S. employers added 162,000 jobs in August. Cut interest rates, because America’s creditworthiness is much stronger than it was not long ago! A strong nation means lower interest rates due to its superior credit profile... it’s that simple! We should have the lowest interest rates in the world, just like in the “good old days.” If these countries were not allowed by the United States to enjoy huge trade surpluses—a situation we can halt immediately—they should no longer be regarded as financial “elite” nations! Cut interest rates, or I will cease trade with countries that maintain trade surpluses with the United States. The U.S. Supreme Court has clearly affirmed in that absurd and costly tariff ruling that the “President” has the absolute authority to do so. This is better than tariffs! The Federal Reserve Board, under the leadership of this outstanding new chair, must act wisely, think differently, and be patriotic. High interest rates place the United States at a severely unfair disadvantage, and I will never allow this to happen!

BreakingsSep 4 21:45

Non-farm payrolls surge! U.S. job growth in August added 162,000 positions, far exceeding expectations, sharply raising the probability of a September rate hike, with next week's CPI data set to be pivotal.

According to data released by the U.S. Bureau of Labor Statistics on Friday, nonfarm payrolls increased by 162,000 in August, significantly exceeding the Bloomberg survey median expectation of 55,000 and surpassing estimates from all analysts surveyed. Additionally, data for the previous two months were revised upward, with the July figure (-23,000) being adjusted to a positive value.

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