Amid strong economic data released Thursday that pointed to robust consumer spending, President Donald Trump continues to take a bow on being right in the face of economic skeptics and Federal Reserve Chair Jerome Powell’s refusal to lower interest rates.
“‘Too Late:’ Great numbers just out,” Trump trolled in a Truth Social post Thursday amid a week of escalating attacks on the Fed chair. “LOWER THE RATE!!! DJT”
Retail sales rebounded more than expected in June, rising 0.6%. Meanwhile, initial jobless claims for the last week came in at 221,000, below the anticipated 235,000, pointing to steady job growth in July.
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