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.

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.

Donald Trump announced an impending decision on the next Federal Reserve chair. He emphasized the importance of appointing a chair who would implement lower interest rates, a move that could have significant impact on the economy.