President Donald Trump urged the Federal Reserve to cut interest rates by a full percentage point, intensifying his pressure campaign against Chair Jerome Powell.

Key TakeawaysPresident Donald Trump demanded the Federal Reserve lower its benchmark interest rate by an entire percentage point.The Fed, which operates independently of White House control, has resisted Trump's call to lower interest rates.

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.