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Young liberals join Trump’s push for a rate cut

President Trump wants the Fed to cut interest rates to juice the American economy. Employ America, a group of left-leaning millennials, is pushing the central bank to do the same thing — though for different reasons, Jeanna Smialek of the NYT reports.

The group thinks lower rates will help protect U.S. workers as the economy starts slowing down. It argues that the Fed has been too focused on preventing inflation and should instead pay more attention to expanding employment.

Its case is being made as Fed officials become less sure that the U.S. is at nearly full employment. “There is no destination point for full employment,” Lael Brainard, a Fed governor, said recently.