After US jobs data markedly beat forecasts, President Trump said it would be a
mistake if Fed policymakers opted to raise rates and reiterated he does not want
to influence Kevin Warsh ahead of Warsh’s first Fed meeting. Trump said markets
often falls when data is strong because investors expect Fed tightening, but
there is no reason to hike; he called raising the policy rate wrong and said
rates should be lowered. He added he respects Warsh but opposes “punishing” a
strong economy with higher rates, and flagged debt constraints while saying he
seeks further increases in defense spending.
