Labor Secretary Says Trump Is Right
Labor Secretary Lori Chavez-DeRemer is joining President Donald Trump in blasting the Federal Reserve, accusing it of holding back the booming U.S. economy by refusing to lower interest rates. Both leaders say the Fed’s inaction is hurting American workers, retirees, and small business owners at a time when the economy should be soaring under Trump’s America First policies.
Following the release of Friday’s jobs report, Chavez-DeRemer highlighted the strength of the economy, pointing to low gas prices, rising wages, and robust private-sector job growth.
“This Labor Day weekend, gas prices dropped to their lowest level in five years, and working-class Americans are finally seeing real gains with wages climbing nearly four percent,” Chavez-DeRemer said in a statement. “Thanks to President Trump’s leadership, inflation is falling, families are saving money, and his historic Working Families Tax Cut will let Americans keep more of their hard-earned paychecks.”
Trump Economy Outperforming Expectations
Chavez-DeRemer praised the latest GDP report, which crushed economists’ predictions, showing strong growth and resilience. Even more importantly, all job growth this year has come from the private sector, driven entirely by native-born American workers — a clear victory for Trump’s pro-American policies.
But the Labor Secretary didn’t hold back on criticizing the Federal Reserve.
“Despite these incredible successes, the Fed is failing the American people by dragging its feet and keeping interest rates unnecessarily high,” she said. “Everywhere I travel on my America at Work Listening Tour, I hear the frustration of small business owners, retirees, and entrepreneurs. President Trump was right before, and he’s right again — it’s past time for the Fed to act.”
Trump: ‘Jerome Too Late Powell’ Hurting America
President Trump echoed Chavez-DeRemer’s frustration, blasting Federal Reserve Chairman Jerome Powell for moving too slowly to support the economy.
“Jerome ‘Too Late’ Powell should have lowered rates months ago,” Trump wrote on Truth Social. “As usual, he’s too late — and American families are paying the price!”
Trump has hinted he is reviewing possible candidates to replace Powell when his term ends in May 2026, signaling a potential shake-up at the Fed if Powell continues to stall.
What It Means for You
- Lower interest rates would boost retirement accounts, home values, and business growth.
- Trump’s Working Families Tax Cut promises to put more money back into your pocket.
- With inflation easing under Trump’s leadership, the cost of living is finally stabilizing after years of economic uncertainty.
Bottom Line
With gas prices plummeting, wages rising, and private-sector job growth accelerating, the Trump economy is roaring back. But unless the Federal Reserve gets on board and cuts interest rates, millions of hardworking Americans could miss out on the full benefits of Trump’s America First agenda.
President Trump has made it clear: American workers come first — and he’s ready to hold Washington elites accountable to make sure the economy keeps moving forward.
