President Donald Trump urged Federal Reserve Chairman Jerome Powell to slash interest rates by a full percentage point despite a better-than-expected jobs report Friday.

Trump, who regularly badgers Powell to lower rates, argued for the steep cut even as he maintained that the U.S. economy is "doing great."

"Go for a full point, Rocket Fuel!" Trump wrote in a Truth Social post.

Markets forecast a virtually zero chance of any rate cut — much less a 1 percentage point decrease — following the Federal Open Market Committee's next meeting later this month.

The Fed cut rates by one full point in total during President Joe Biden 's final year in office.

The last time the central bank made a single rate cut of a full percentage point was in March 2020 to address economic fallou

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