Trump keeps heralding an economic boom, but even a solid jobs report is causing problems for him
Summary
President Donald Trump has repeatedly said the U.S. economy was about to grow strongly. However, after a better-than-expected jobs report for August showing 162,000 new jobs, he expressed frustration over inflation and interest rates instead of celebrating the news.Key Facts
- President Trump promised an economic boom for 20 months.
- August's job report showed 162,000 new jobs, more than expected.
- Hiring had been slow in recent months before August.
- Inflation and interest rates remain concerns for President Trump.
- Trump criticized financial markets, the Federal Reserve, and U.S. trade partners.
- He disagreed with the economic view that strong job growth might increase inflation.
- The jobs report came about two months before the U.S. election.
- Trump made his comments speaking from the Oval Office.
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