Trump Slams Powell Over Jobs Data & Rate Decision ๐บ๐ธ๐ฅ
Donald Trump is ramping up pressure on Fed Chair Jerome Powell after weak U.S. job numbers. On Truth Social, Trump blasted:
โToo Late Powell must now LOWER THE RATE. Europe has lowered NINE TIMES!โ
The ADP report showed just 37,000 jobs added in May, far below the expected 110,000 โ the weakest since March 2023.
Trump, frustrated by Powellโs refusal to cut rates, claims it's hurting the U.S. economy and giving China an edge. Powell pushed back, insisting policy must follow data, not politics.
As Europe prepares its 8th rate cut, Trump warns the Fed is falling behind.
