U.S. President Donald Trump Calls for Fed Rate Cuts After August Jobs Report

U.S. President Donald Trump posted on social media that the U.S. added 162,000 jobs in August, above market expectations, and urged the Federal Reserve to cut interest rates. He said the U.S. credit situation is stronger and should have the lowest interest rates in the world, and warned that trade deficit countries that do not cooperate could face halted trade. According to PANews, Labor Department data showed the unemployment rate held at 4.1% in August, while job gains were significantly above expectations.