Good News on Jobs May Hurt Trump’s Case for Lower Interest Rates
Better than expected employment data may keep Fed in holding pattern
This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, Federal Reserve and economy reporter Amara Omeokwe looks at what today’s jobs data may mean for the president. Sign up here. Email our editors here.
President Donald Trump wants to convince Americans his economic agenda is on the right track, and today’s blowout jobs report gives him a prime opportunity to make the case. But the very same data likely have made it harder for him to get something else he wants: more rate cuts from the Federal Reserve.