Trump said he does not want to influence Fed Chair Kevin Warsh even as he argued there is “no reason” to raise interest rates after May payrolls rose by 172,000.
The president said higher rates would “kill success” and punish a strong economy, while Friday’s jobs data and persistent energy costs revived investor worries that the Fed could tighten this year.
Stocks fell after the report, and national average gasoline remains at $4.17 a gallon—up $1.19 since the Iran war began, though below its $4.56 peak.
The comments mark a softer tone toward Warsh than Trump used with former Chair Jerome Powell, whom he repeatedly attacked while pressing for lower rates despite the Fed’s formal independence and committee-based decisions.