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Maybe President Trump knew what he was talking about when he called for lower interest rates.
The economy added 73,000 jobs in July, lower than expectations. The unemployment rate was in line with predictions at 4.2%.
In addition; May's job gains were revised down to 19,000 from 144,000 while June's addition were cut to just 14,000 from the 147,000 initially reported.
Fox Business host Charles Payne says this is the direct result of Federal Reserve Chairman Jerome Powell's continued refusal to lower interest rates.
"The Fed is trying to clamp down on this economy. It's hurting 70 percent of the people out there," Payne said. "The Fed is looking at the wealthiest folks out there, and thinking it means everyone. I think that's hurting the job market more than anything else."