Donald Trump called on the Federal Reserve to take drastic action to support the U.S. economy, about an hour after new data showed strong jobs numbers and healthy wage growth
President Donald Trump on Friday called on the Federal Reserve to take drastic action to support the U.S. economy, about an hour after new data showed strong jobs numbers and healthy wage growth.
Trump is escalating his long-running battle with the Fed, which he has accused of being the "only problem" facing the economy. He pressed Chairman Jerome Powell for months to halt the central bank's interest-rate-hike campaign, but is now calling on the Fed to stimulate growth. He has also said he intends to nominate two Fed governors who say they support rate cuts.
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