Following a strong jobs report, Vice President Mike Pence advised the Federal Reserve to consider lowering the interest rate.
“I think it might be time for us to consider lowering interest rates. We just don’t see any inflation in this economy at all,” Pence said on Friday.
In April alone, employers added 263,000 jobs, while unemployment reached the lowest level since 1969 — providing President Trump with a solid economic resume leading into the 2020 election.
“We’re seeing jobs being created all over the country… [and that] should be an encouragement to every American and also to people that operate our monetary policies,” Pence said.
Pence’s statement follows the President’s strong criticism of the Federal Reserve for raising interest rates four times in 2019.
This year, however, the Fed expects to keeps rates steady.
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