WASHINGTON (Reuters) — White House Trade Advis­er Peter Navar­ro said in a tele­vi­sion inter­view on Fri­day the low U.S. unem­ploy­ment rate and steady job growth should not deter the Fed­er­al Reserve from low­er­ing inter­est rates.

The Labor Depart­ment on Fri­day report­ed that the U.S. unem­ploy­ment rate dropped to a near 50-year low of 3.5% last month and job growth increased mod­er­ate­ly, though wage growth remained stag­nant and man­u­fac­tur­ing pay­rolls declined.

“This num­ber, even though it’s a very good num­ber, should not deter the Fed­er­al Reserve from aggres­sive­ly low­er­ing its rates for one sim­ple rea­son — not because the econ­o­my is slow­ing down — but because our dol­lar is so over­val­ued, it’s killing our exports,” Navar­ro said in the CNN inter­view.

Navar­ro’s com­ments come as eco­nom­ic data has raised con­cerns about a loom­ing slow­down amid a trade war marked most notably by tit-for-tat tar­iffs between the Unit­ed States and Chi­na.

U.S. Pres­i­dent Don­ald Trump has repeat­ed­ly urged the Fed to slash inter­est rates and said a strong dol­lar is hurt­ing U.S. fac­to­ries.