President Trump upped the ante on the Federal Reserve hours after the latest jobs report, angrily demanding Fed Chair Jerome H. Powell slash the federal interest rate to create greater demand for consumer loans and better terms for business investment.

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.