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Trump Urges Fed Rate Cuts After 162,000 Jobs Rise

9/5/2026

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Story summary
  • U.S. President Donald Trump urged the Federal Reserve (Fed) to cut rates after a strong August jobs report.
  • August payrolls rose by 162,000, far exceeding the forecast of 53,000 jobs.
  • Fed Chair Kevin Warsh kept a hawkish stance, likely disappointing Trump at the September 16 decision.
  • Trump reinstated a 50% tariff on Canadian alcohol and hockey equipment, reviving the trade dispute.