President Trump Calls on Federal Reserve to Cut Interest Rates to 0.5%–1% Range

President Donald Trump renewed his pressure on the Federal Reserve, asserting that U.S. benchmark interest rates should be lowered to between 0.5% and 1%. Following the release of a stronger-than-expected August jobs report, Trump argued that the nation's economic strength warrants much lower borrowing costs.
In statements shared on social media, Trump contended that a stronger credit profile should translate to the lowest interest rates in the world, while also tying monetary policy demands to trade dynamics. The remarks add to mounting tension over central bank policy ahead of the Federal Open Market Committee's upcoming mid-September meeting.