President Donald Trump renewed his criticism of the Federal Reserve on Friday, calling for lower interest rates after the release of a stronger-than-expected August jobs report. The Labor Department reported that the U.S. economy added 162,000 jobs in August, far exceeding economists' forecasts of 53,000. In a post on Truth Social, Trump praised the jobs numbers and reiterated his demand for rate cuts. The president has frequently pressured the Fed to reduce borrowing costs, arguing that lower rates would boost economic growth.
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