Reported about 14 hours ago
President Trump has urged the Federal Reserve to implement a significant rate cut following a jobs report that showed unexpected strength in the labor market, which diminishes the likelihood of a June reduction. With 139,000 jobs added in May and the unemployment rate holding steady at 4.2%, analysts believe the Fed is unlikely to alter its current policy anytime soon. Despite Trump's insistence on a full percentage point cut, Fed officials are focused on inflation risks rather than employment.
Source: YAHOO