There’s also a chance that the lagging jobs numbers prompt the Federal Reserve into an interest-rate cut that Trump has long lauded as necessary to unlock a turbo-charging of the U.S. economy.
Earlier in the week, Fed Chairman Jerome Powell signaled he’s open to easing monetary policy amid the trade fights. U.S. stocks rallied on the disappointing jobs numbers Friday as investors bet the news would make such a rate cut more likely.
This article was provided by Bloomberg News.