It's the same as Trump boasting about the bull market when it was merely a continued trend line from Obama days. Politicians love presenting favourable statistics to make themselves look good regardless of whether they did something to make that happen.
The Fed enjoys some level of policy independence so they don't take every order from the administration like a dangling puppet. So the current administration's involvement in this is somewhat limited.
The Fed isn't directly controlled by the executive branch. And when unemployment trends become serious, it will remind the Fed that the Fed's mandate includes achieving maximum employment.
The Fed enjoys some level of policy independence so they don't take every order from the administration like a dangling puppet. So the current administration's involvement in this is somewhat limited.