Ross Sorkin: Good Jobs Report Will Give Jay Powell an Upper Hand to Say ‘I’m Not Lowering Interest Rates’

EXCERPT:

SORKIN: “Just overnight, if you saw, you had the president saying that Jay Powell should be resigning from his role because he should be lowering interest rates. This morning, I think this jobs number would give Jay Powell the upper hand to say, 'Look, the reason I'm not lowering interest rates is the -- the economy actually continues to be quite good,' which is something you'd think that the president would enjoy and like. So, some kind of interesting cross currents to think about. But nonetheless, I think the -- the chance right now of interest rates going lower anytime soon taken off the table a bit this morning as a function of these jobs numbers."