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'He is too late': Senate Republicans call on Powell to lower rates after poor jobs report

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3 weeks ago

A less-than-stellar jobs report unveiled Friday has senators up in arms, calling for Federal Reserve Chair Jerome Powell to lower interest rates."He’s got to lower interest rates," Sen. Bernie Moreno, R-Ohio, told Fox Business. "And this, if this doesn't do it for him, I don't know what will."The Labor Department revealed that in July, employers added only 73,000 jobs, a figure well under expectations – likely influenced by increased uncertainty in the economy, given the Trump administration’s usage of tariffs.HOMESICK GOP SENATORS MULL THROWING OUT THE RULES OVER STONEWALLING DEMSThe report a...

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'He is too late': Senate Republicans call on Powell to lower rates after poor jobs report

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Fri, 08 25

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