An increase in the number of U.S. jobs that was higher than expected makes it unlikely that the Federal Reserve will cut interest rates soon.

President Donald Trump urged the Federal Reserve to cut interest rates by a full percentage point, intensifying his pressure campaign against Chair Jerome Powell. “‘Too Late’ at the Fed is a disaster!

The president has repeatedly berated Powell for not cutting rates as he desires. The two men met face-to-face for the first time last week.