With some cooling of jobs data, President Donald Trump on Friday issued another proverbial “told you so” on frequently criticized “too late” Federal Reserve Chair Jerome Powell on Truth Social, accusing him of acting too slowly to cut interest rates as the economy shows signs of strain.
“Jerome ‘Too Late’ Powell should have lowered rates long ago. As usual, he’s ‘Too Late!'” Trump wrote, reviving a familiar line of criticism from his presidency.
The comments came just hours after the release of the August jobs report, which showed the U.S. economy added only 22,000 jobs last month. That figure marked a steep slowdown after July’s weak hiring and downward revisions to earlier months. The cooling labor market has heightened expectations that the Fed will move to reduce borrowing costs when it meets Sept. 16–17.
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