President Donald Trump renewed his demand for lower interest rates after the US economy added 162,000 payrolls in August, far above the 53,000 increase economists had expected. The strong labor-market reading supports continued economic growth but also suggests the economy could tolerate higher borrowing costs while inflation remains above the Federal Reserve's 2% goal. Investors subsequently priced in a 25-basis-point rate increase with greater certainty, with CME FedWatch showing a 62% chance of a September hike. Trump's pressure puts Fed Chair Kevin Warsh in a difficult position ahead of the meeting, particularly after he emphasized at the Jackson Hole Symposium that the central bank remains committed to reducing inflation. Annual inflation was 3.4% in July, with new data due next week. Trump also linked the jobs performance to what he described as a stronger US credit position, although Moody's downgrade of the country's AAA rating last year reflected its fiscal outlook and rising national debt interest costs rather than labor-market strength.