October 4, 2019 / 1:45 PM / 2 months ago

Fed should keep lowering rates, despite jobs number - U.S. trade adviser Navarro

WASHINGTON, Oct 4 (Reuters) - White House Trade Adviser Peter Navarro said on Friday that the low U.S. unemployment rate and steady job growth should not deter the Federal Reserve from lowering interest rates, telling CNN in an interview that the dollar is overvalued.

The Labor Department earlier on Friday reported that the U.S. unemployment rate dropped to a near 50-year low of 3.5% last month and job growth increased moderately. (Reporting by Makini Brice; Writing by Lisa Lambert; Editing by Kevin Liffey)

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