Trump Rejects Link Between Economic Growth and Inflation Following August Jobs Report

Donald Trump dismissed concerns that robust employment figures cause inflation, stating on Truth Social that "stupidity causes inflation" rather than economic growth. The remarks followed the release of the August jobs report, challenging market fears that strong expansion would force the Federal Reserve to keep interest rates elevated.
In his post, Trump argued that the U.S. economy should target annual GDP growth of 15% to 20% and criticized prevailing market assumptions that associate economic acceleration with rising price pressures.