Donald Trump says Federal Reserve should "BE PATRIOTS for a change" and cut rates
“IT’S BETTER THAN TARIFFS! The Fed Board, with its great new leader, must get smart – BE PATRIOTS for a change. High interest rates put the U.S.A. at a very unfair disadvantage, and I won’t allow that to happen!”
Reported September 4, 2026 by dailykos.com. Checked word for word against that report.
President Trump posted on Truth Social on Friday to demand that the Federal Reserve reduce borrowing costs; if it declined, he said, he would halt commerce with nations selling more to the United States than they purchase from it. He cited a recent Supreme Court decision about tariffs to support his position and expressed dissatisfaction with the Fed’s stance on rates. Inflation is still elevated, and the central bank has been weighing another rate increase, according to the article, which also says ending trade with major partners would create serious shortages and erode Fed independence. The episode illustrates White House pressure on the central bank’s monetary policy.
- dailykos.com ↗︎04 SEP 2026