🇺🇸 President Trump says "too late" Jerome Powell must lower interest rates now.
US President Donald Trump is urging Federal Reserve Chair Jerome Powell to lower interest rates, saying it's "too late" now. Trump's call comes after payroll processing firm ADP reported that US private payrolls increased by only 37,000 jobs in May, far less than the expected 110,000. Trump has been criticizing Powell for months, questioning the Fed's independence and even suggesting Powell's resignation. Trump's comments have impacted US stocks and financial markets.
Trump's Statement: "ADP number out. 'Too Late' Powell must now lower the rate. He is unbelievable. Europe has lowered nine times"
US private payrolls increased by 37,000 jobs in May, vs 110,000 expected
Trump's repeated attacks have raised questions about the Fed's independence under his administration
Lower interest rates could boost the economy, but may also lead to inflation
It's worth noting that a more comprehensive employment report will be released on Friday by the Labor Department's Bureau of Labor Statistics, which may provide further insights into the state of the US job market.#MyCOSTrade $BTC