Senate members are pressing Powell to reduce interest rates after missing July jobs

The job report is less than the stars. Jerome Powell To reduce interest rates.

“It has low interest rates,” Senator. Bernie MorenoR-ohio, tell Fox Business. “And this, if he does not do it for him, I do not know what to do.”

The Ministry of Labor revealed that in July, employers added only 73,000 jobs, which is a good number under expectations – it is likely to be affected by the uncertainty in the economy, given the Trump administration’s use of definitions.

Members of the Senate Nostalgia to the homeland of nostalgia for throwing the rules on the Stone Democrats

The report also comes in the wake of the federal reserve decision earlier this week that the prices are not low, a step that was widely examined by the Republics of Congress and the President Donald Trump.

Moreno, who sits on the Senate Banking Committee, has become one of the most critical Powells, and previously called him to resign, echoing the increasing frustration of Trump.

When asked if it was too late to reduce Powell’s prices, Moreno said: “For this reason, his title is” very late ” – a name that the president formulated during many of his sites on social media that wears the Federal Reserve Chair.

The Federal Open Market Committee, headed by Powell, dictating the monetary policy decisions of the Federal Reserve Mobilizer, voted from 9 to 2 to maintain fixed prices in the range of 4.25 % to 4.5 %. The committee will meet again in September, and some in the Capitol Hill are demanding a decrease in prices.

Job growth in the United States was cooled in July, amid the increasing economic uncertainty

“It was too late, but it was not too late,” Moreno continued. “We can still do this, and for this reason I think President Trump’s suggestion is true that other conservatives expel him.”

“If he does nothing at rates in September, this man should get out of there,” he said. “I mean, it’s brutal.”

last Republicans in the Senate They were less powerful in their feelings on Powell, but they were hoping that changing the rate would soon be on the horizon.

The main candidates, Trump, who was stopped by the Senate’s bid, puts pressure on the leaders of the Republican Party

Senator Steve Denz, R-Mont, told Fox News Business that the job report was one of the puzzle that the Federal Reserve sees when specifying prices, but he indicated that “it seems increasingly clear to me that it is time to reduce prices.”

And the sins Sinatia LomesR-WYO said, she hopes that Powell would have already retracted the prices, but she didn’t think the time had passed.

“I hope to decide,” she said. “I hope to reconsider.”

But the Senator Elizabeth WarrenAnd the higher Democrats in the Banking Committee stated that Trump’s identification strategy is the reason that prices have not changed, and warned that the uncertainty that duties driven are “expensive in the economy.”

“” Powell explained the problem in the economy, Trump’s chaos on the definitions that prevent the federal reserve from lowering interest rates and low job growth, “Democrat in Massachusetts told Fox Business. “Therefore, there is a solution in front of us directly, and that is to stop Donald Trump again, again, again, outside, again, the madness of customs tariffs.”

Other disturbing numbers were included in the job report on Friday, especially reviews of job numbers from May and June. The latest report on job numbers was re -filed in May by 125,000, which led to a decrease in the total to 19,000. In June, the report reviewed the numbers down at 133,000, which led to the total number of creation to 14,000.

Trump accused the job numbers in the administration being produced by the appointed Biden, Erika Minarker, Commissioner of the Labor Statistics Office (BLS), who accused him of forgery “before the elections to try to enhance Kamala’s chances of victory.”

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Trump demanded that she be expelled, and pledged to be replaced by a “more efficient and qualified person.”

“The important numbers should be such as fair and accurate, and cannot be manipulated for political purposes,” Trump said in a lengthy position on the social truth. “McNTarfer said that there are only 73,000 added jobs (shock!), But most importantly, there is a big mistake on their part, 258,000 jobs below, in the previous two months.”

“Similar things happened in the first part of the year, always to the negative. The economy flourishes in the shadow of Trump despite the federal reserve that also plays games, this time at interest rates, as they reduced them twice, and greatly, immediately before the presidential elections, I must assume in the hope that it will come out.

Fox Business requests were not returned from the Federal Reserve and the BLS was not returned immediately.