WASHINGTON — The White House expects the Federal Reserve to at least consider a possible larger rate cut when it meets later this month after last month’s job data showed a “disappointing” labor market, U.S. President Donald Trump’s economic advisor said on Friday.

“The main market expectation is 25 basis points. But I would guess that there would be an expectation, a discussion of a higher cut, but I wouldn’t expect it to happen,” White House National Economic Council Director Kevin Hassett told reporters at the White House after Friday’s report showed weaker job growth in August as the unemployment rate rose to 4.3%.

Trump for months has been pushing the U.S. central bank to lower its benchmark rates, saying the cuts are needed to help bolster his economic policies and fuel growth even

See Full Page