Jobs report sparks inflation fears; Trump responds

President Trump on Friday pushed back on inflation concerns driven by a strong jobs report, arguing robust growth should be viewed as a positive for markets.

“With a great Jobs Report, like just announced, stocks should go up, not down,” Trump wrote on Truth Social. “That’s the way it was for 200 years. Growth does not mean inflation! How else can a Country attain GREATNESS???”

The Labor Department reported Friday morning that the U.S. economy added 172,000 jobs in May — roughly double what forecasters projected. The unemployment rate was 4.3 percent, the same as the previous month.

The positive numbers also add to the debate over whether the Federal Reserve, now under Trump-backed Fed Chair Kevin Warsh, will have room to cut interest rates later this year. Investors are closely watching for signs that sustained hiring could slow the pace of rate cuts.

Faster economic growth and a stronger job market tend to add pressure to prices, which can........

© The Hill