Trump Urges Fed To Cut Rates Despite Strong Jobs Report

President Donald Trump renewed calls for interest rate cuts on Friday, even as April’s stronger-than-expected jobs report appeared to support the Federal Reserve’s cautious approach, Jennifer Schonberger and Ben Werschkul reported for Yahoo Finance.

Powell has reiterated that the Fed is waiting for “greater clarity” as it balances stable prices with full employment. I Photo: Board of Governors of the United States Federal Reserve Facebook

The U.S. economy added 177,000 nonfarm payroll jobs in April, beating economists’ forecasts of 138,000, while the unemployment rate held steady at 4.2%.

The data supports Fed Chair Jerome Powell’s position to remain patient on monetary policy, especially with ongoing uncertainty about the long-term effects of Trump’s tariffs.

Markets now view a rate cut at the Fed’s June meeting as less likely, with the odds falling below 50%. Traders have also scaled back expectations for multiple cuts this year.

Powell has reiterated that the Fed is waiting for “greater clarity” as it balances stable prices with full employment—an approach Trump has openly criticized, calling for more aggressive rate reductions.