President Donald Trump on Friday called for Federal Reserve Chairman Jerome Powell to lower interest rates, contending it is the perfect time to do so.
Trump took to Truth Social to encourage Powell to slash rates following the release of Friday’s jobs report, which smashed expectations.
“This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. He is always ‘late,’ but he could now change his image, and quickly,” Trump wrote.
“Energy prices are down, Interest Rates are down, Inflation is down, even Eggs are down 69%, and Jobs are UP, all within two months — A BIG WIN for America. CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!” he added.
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Trump’s call for lowering interest rates comes just days after
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