Labor Secretary Lori Chavez-DeRemer echoed President Donald Trump’s complaint about the Federal Reserve’s failure to lower interest rates.

Following Friday’s monthly employment report from the Bureau of Labor Statistics, Chavez-DeRemer said in a news release that despite smaller-than-expected job gains in the past month, the overall picture is solid. But she said the Fed’s lowering of interest rates would change the picture dramatically.

“After a successful Labor Day weekend where we saw gas prices hit their lowest point in five years, this report shows working-class Americans are also benefiting from strong and consistent hourly wage growth, which is up nearly four percent,” she said in a statement in the release.

Read more at Newsmax© 2025 Newsmax. All rights reserved.