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PoliticsTrump demands Fed slash rates or he will cut off trade with countries running surpluses with US
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US President Donald Trump on Friday demanded that the Federal Reserve slash interest rates, issuing a sweeping ultimatum in a Truth Social post. Trump threatened to cut off trade with countries with which the United States maintains trade deficits if the central bank does not comply. The post was a reaction to a much-stronger-than-expected monthly jobs report. Trump urged the Fed and its chairman, Kevin Warsh, to 'get smart' and cut rates. The article, published by CNBC on September 4, 2026, is labeled as breaking news and includes an image of Trump speaking at a White House dinner on September 2, 2026.
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US President Donald Trump speaks during a Rose Garden Dinner at the White House in Washington, DC, on September 2, 2026. Brendan Smialowski | AFP | Getty Images
President Donald Trump on Friday demanded that the Federal Reserve slash interest rates — or else he will cut off trade with countries with which the United States maintains trade deficits.
Trump issued the sweeping ultimatum in a Truth Social post, reacting to a much-stronger-than-expected monthly jobs report. He urged the central bank and its chairman, Kevin Warsh, to "get smart" and cut rates.
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US Top News and AnalysisWestern
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Trump threatens to halt trade with deficit countries if Federal Reserve does not cut rates