The US President again demanded that the American central bank cut the benchmark interest rate, arguing that the country should have the lowest rate of any country in the world. Trump also threatened to halt trade with countries with which the United States has a trade deficit.
Trump's pressure comes at a time of tension between the White House and the Federal Reserve, the US central bank, which has autonomy to set monetary policy independently of political power.
However, US employment data reinforced the prospects for an interest rate hike by the Fed, in an attempt to curb inflation that has remained elevated.
This situation creates a dilemma for the Federal Reserve, which is under political pressure from the President, but which, according to economic indicators, may have to maintain or even raise interest rates to control inflation.
