Current Date 18 Sep, 2026

President Trump calls for lower interest rates, says high rates put US at 'unfair disadvantage'

President Donald Trump urged lower interest rates, saying high rates place the United States at an unfair disadvantage and arguing the country now deserves the lowest borrowing costs. Commenting after August jobs data showing 162,000 payroll gains, he warned he might halt trade with deficit countries if rates remain high and called on the Federal Reserve to act to restore competitive advantage.