President Donald Trump renewed his calls for the Federal Reserve to lower interest rates, despite a surprisingly strong jobs report. “If we had a Fed that would lower interest rates, we would be like a rocket ship,” Trump said, predicting the economy would boom even more if interest rates were lower. The US economy added 224,000 jobs in June, a sharp uptick from disappointing numbers in May, according to the latest report by the Bureau of Labor Statistics. The central bank has held rates steady, backing off a plan to steadily raise them this year but taking a cautious approach to avoid setting off inflation.
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