Donald Trump has intensified his attacks on Jay Powell, calling on the US Federal Reserve chair to slash interest rates by a “full point” after official figures pointed to a weakening labour market.
The US economy added 139,000 jobs in May, compared with a downwardly revised 147,000 posts added in April, according to data released by the Bureau of Labor Statistics on Friday.
The BLS also revised down the March figures, bringing the average jobs gains for the year until May to 124,000, compared with 168,000 in 2024.
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