President Trump urged the Federal Reserve to cut interest rates further Friday as he said the US economy is strong despite fears about the coronavirus outbreak causing a slowdown.

Trump said the Fed should “stimulate” the economy with more interest-rate cuts as central banks around the world take such steps. He repeated his argument that the US’s comparatively high rates put the country at a “competitive disadvantage” to other big economies such as Germany and China.

The Fed slashed its federal funds rate by half a percentage point Tuesday as chairman Jerome Powell warned that the coronavirus and efforts to contain it “will surely weigh on economic activity both here and abroad for some time.” Economists polled by Reuters expect the Fed to cut rates further later this month.

“We’re going to see whether or not the Fed wants to stimulate,” Trump said after signing an $8.3 billion federal funding package to combat the coronavirus. “In my opinion they should because Europe is and China is and everybody is but us. We have a Fed that is not exactly proactive.”

Trump didn’t directly say whether he thinks Congress should provide a fiscal stimulus to address the impact of the coronavirus, but he said the US economy remains solid as the virus spreads further.

Trump cited Friday’s expectation-beating Department of Labor report showing the economy added 273,000 jobs in February, even though that number largely does not account for any effects of the epidemic that has killed 14 people in the US.

“We’re gonna have Americans staying home instead of going and spending their money in other countries,” Trump said. “And maybe that’s one of the reasons the job numbers are so good. We’ve had a lot of travel in the USA.”

Trump also predicted that financial markets will “bounce back” from their recent slump after the virus subsides. The Dow Jones industrial average plunged as much as 894.66 points, or 3.4 percent, Friday as fears about the epidemic’s economic impact roiled Wall Street.

“We’re so strong as a country now. We have never been like this,” Trump said. “The consumer is generating so much because of the tax cuts, the regulation cuts and the things we’ve done. So I think we’re in great shape.”