Trump says no reason for Fed to raise interest rates after strong May jobs report
By
, USA TODAY
Summary
President Donald Trump stated there is "no reason" to raise interest rates following a stronger-than-expected U.S. jobs report. In an NBC News interview, Trump pushed back against economists' warnings that the Federal Reserve might need to raise rates after employers added 172,000 jobs in May with upward revisions to previous months. Trump argued that raising rates when the economy is performing well is unfair.
Source
bskyTrump says no reason for Fed to raise interest rates after strong May jobs reporteu.usatoday.comKey quotes
· 3 pulledWe had a great report. We're doing great, and it's unfair that whenever you do great they want to raise interest rates.
There's no reason to raise interest rates.
We're doing great, and it's unfair that whenever you do great they want to raise interest rates.
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