Senate Republicans demand that Federal Reserve Chair Jerome Powell lower interest rates after a subpar July jobs report, with one calling on the head of the central bank to be "dragged out" if he doesn't.

As the global trade market is hit with President Trump's new tariffs, the latest jobs report shows job growth has slowed sharply. Trump is blaming Fed Chair Jerome Powell for the weak report. NBC News' Shannon Pettypiece and Garrett Haake have the latest reporting.

The Federal Reserve won’t cut interest rates until it sees how inflation and job creation respond to higher tariffs. The next big bite of the apple arrives on Friday with the July employment report. Here’s what to expect.

U.S. President Donald Trump on Friday urged the Federal Reserve board to assume control if Fed Chair Jerome Powell continues to refuse to lower interest rates.

President Donald Trump on Friday called for the Federal Reserve's board of governors to usurp the power of Fed Chair Jerome Powell, criticizing the head of the U.S. central bank for not cutting short-term interest rates.