President Donald Trump urged Federal Reserve Chairman Jerome Powell to slash interest rates by a full percentage point. A new jobs report from the Bureau of Labor Statistics showed U.S. hiring rose more than predicted in May.

President Donald Trump on Friday pressed Federal Reserve Chair Jerome Powell for a full-point interest-rate cut, saying the central bank’s monetary policy was a “disaster.”

President Donald Trump renewed his calls on the Federal Reserve to lower its benchmark interest rate Friday, and this time, he had a specific (and huge) number in mind.