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DisInfoDon: Trump presses Powell for a full-point interest rate cut despite 'strong' jobs report [1]
['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.']
Date: 2025-06-06
‘Strong’ if you believe a ‘better-than-expected number’ is higher than a ‘downwardly revised estimate’ and in airborne condiments news: Vance: Perception of Trump as 'short-tempered' is 'ridiculous'
President Donald Trump on Friday urged Federal Reserve Chairman Jerome Powell to slash interest rates by a full percentage point, despite a better-than-expected result from the Labor Department’s latest jobs report.
Trump, who has regularly badgered Powell to cut rates in order to boost the economy, argued for a full-point cut even as he maintained that the country is “doing great.”
GIGO
“Go for a full point, Rocket Fuel!” Trump wrote on Truth Social.
The president’s latest jab at the central bank chairman — a previously unprecedented dynamic that has become routine during Trump’s second term — came shortly after the Bureau of Labor Statistics reported that U.S. hiring decreased less than expected in May.
Nonfarm payrolls rose 139,000 for the month, exceeding Dow Jones estimates for 125,000. The figure fell slightly below the downwardly revised 147,000 that the U.S. economy added in April.
Analysts had braced for a weaker result that would reflect the impact of Trump’s tariff policies and other signs of a potentially slowing economy.
www.cnbc.com/…
Relying solely on executive orders will leave the administration liable to claims that it is both overreaching its authority and, in a grim sort of protection scheme, shielding Republican members of Congress from voting on difficult issues.
The prospects for curbing inflation are no better. Tariffs, tax cuts, reduced immigrant labor and pressures on the Federal Reserve to keep interest rates low all work against the promise to keep inflation in check.
thehill.com/...
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