US President Donald Trump said he will stop trading with some countries if the Federal Reserve does not cut interest rates. This was reported by Qazaqyia.kz citing Reuters.
Trump's statement is seen as an attempt to pressure the Fed's monetary policy. He has repeatedly called on the Fed to cut rates, and now he is ready to use trade policy as a lever.
However, there is no information yet on which specific countries Trump intends to stop trading with. This statement could cause concern in international markets, as the US is the world's largest economy and maintains trade relations with many countries.
According to Reuters, this is a continuation of Trump's criticism of the Fed. He has repeatedly criticized Fed Chairman Jerome Powell for his policies. Trump believes that lower rates stimulate economic growth.
The situation is being actively discussed both in US domestic politics and internationally. There are opinions that the Fed should maintain its independence, and that Trump's actions may threaten that independence.
Reuters describes this statement as a new stage in Trump's tactics of pressuring the Fed. Earlier, Trump also criticized the Fed on social media. Now he intends to use trade policy as an additional tool.
There is no official reaction from the Fed yet. Fed Chairman Jerome Powell has repeatedly stated that the Fed's policy is based solely on economic data and does not yield to political pressure. Nevertheless, Trump's statement may cause some nervousness in the markets.
Currently, inflation in the US is still high, and the Fed is keeping rates at a high level. Trump demands lower rates, which he believes would stimulate the economy and improve the situation before the elections. However, the Fed is trying to maintain its independence.
As Reuters reports, Trump's statement could lead to changes in currency exchange rates on world markets. Investors are closely watching the situation. Such changes in US trade policy could affect the global economy.
This event is widely discussed in world media. Some experts call Trump's actions populist, others consider them an illegal way of economic pressure. At the next Fed meeting, a decision on rates will be made, so the situation will soon become clearer.