#CUDISBinanceTGE Trump intensifies attacks as Powell refuses to budge
Donald Trump condemned Federal Reserve Chairman Jerome Powell, demanding quick interest rate cuts following the ADP report showing only 37,000 jobs added in May, far below expectations. Trump insists that Powell’s inaction puts the U.S. At a disadvantage against other nations.
Jerome Powell responded that monetary decisions must be informed by economic data. Trump expressed frustration at Powell’s refusal to follow Europe’s lead in cutting rates, especially as inflation eases across the eurozone. The pressure mounts on Powell as job data weakens.
