President Donald Trump urged Fed Chairman Jerome Powell to have a better report than expected in his work report on Friday, but cut interest rates by one full percentage point.

Trump, who often cuts Powell's interest rates, argues that he insists that the U.S. economy is "doing well."

"Go to the full point, rocket fuel!" Trump wrote in a Truth Society post.

After the next meeting of the Federal Open Market Commission later this month, the market predicts that any chance of lowering tax rates is reduced by almost zero.

During Joe Biden's final year of tenure, the Fed's total fell by one.

The last time the central bank cut the entire percentage point single reduction was addressing the economic consequences that began with the 19th pandemic in March 2020.

The President’s latest poke at Powell was reported at the Bureau of Labor Statistics that the rise in recruitment in May exceeded expectations and that our hiring volume exceeded expectations.

The non-agricultural payroll rose 139,000 this month, surpassing the Dow Jones estimate of 125,000.

Analysts are making weaker results that will reflect the impact of Trump’s tariff policy, as well as other potential signs of economic slowdown.

Trump complained on Friday that other major central banks lowered interest rates as the Fed stood.

Fed policymakers are concerned that Trump's tariffs could lead to high inflation.

The European Central Bank lowered its benchmark rate by a quarter earlier this week, the eighth place since June last year. The ECB said it would be the final layoffs of the year.

The ECB has eased the notion that both inflation and economic growth are weakening.

Trump argued in a follow-up message that the cuts would allow the U.S. to lower long-term and short-term interest rates “debt that is due.”

The president added that if inflation should recover, Powell could increase the response rate.

Trump wrote to Powell: "Very simple!!!

"The loan fee should be much lower!!!"

Trump made his latest demand with his previous insults against the chairman of the central bank.

"It's too late to be in the Fed!" Trump said of Powell.

The president added that the U.S. economy is only thriving “even though he”.

Before Friday's job report, traders were looking for the next rate cut in September.

However, the odds after the report were released have declined, which also points to the average hourly wage increase by 3.9%, up 0.2 percentage points from the expected 0.2 percentage points.

Traders before Friday estimated the chances of the Fed's cut rate in September were about 74%. After the report, this dropped to about 62%.

According to CME Group data, traders now have only a 22% chance of lowering rates twice by the end of 2025.