Unbiased AI-powered news
President Trump said the economy is performing well and there is no reason for the Federal Reserve to raise interest rates. The comments came during a Sunday interview on NBC's Meet the Press following a May jobs report that showed stronger-than-expected hiring.
channel4.comEmployers added 172,000 jobs in May, and the Labor Department revised previous months upward. Trump told Kristen Welker on NBC's Meet the Press that the economy is performing well and should not face higher rates as a result.
Trump also praised new Federal Reserve Chair Kevin Warsh. "Kevin is fantastic, and I want him to do whatever he wants. I don't want to have a big influence on him," he said. Trump added that strong economic performance should not lead to immediate rate increases.
"We had a great report. We're doing great, and it's unfair that whenever you do great, they want to raise interest rates," he told Welker. The interview ended shortly after Welker asked Trump to provide evidence of alleged voter fraud in California's primaries last week, according to Politico.
Some economists and analysts have said the Fed may raise interest rates following the stronger-than-expected report.
A technical malfunction triggered an explosion and fire Sunday evening at the Barzan facility inside Ras Laffan Industrial City. Fifty-four people were injured and 18 remained unaccounted for early Monday. Emergency teams contained the blaze with no leak detected.
ForbesUFC CEO Dana White stated that negotiations for a cage fight between Elon Musk and Mark Zuckerberg were genuine and included discussions about holding the event at Rome's Colosseum. White said the venue requested an estimated $150 million, which would have gone toward restoring o…
TankerTrackers data shows 36 million barrels shipped and another 36 million still at sea. Iranian officials separately reported 25 million barrels crossing the blockade line since Monday.