Trump once again 'calls out' Powell, demanding the Federal Reserve to cut interest rates quickly!
On the 4th, a report released by the American Automatic Data Processing Employment Service Company showed that the private sector employment data in the United States for May was far below expectations. The data indicated that in May, the U.S. private sector added 37,000 jobs, a significant slowdown compared to 60,000 in April, and well below the market forecast of 115,000. This data marks the lowest level since the beginning of 2023. After the data was released, President Trump took to social media to once again 'call out' Federal Reserve Chairman Powell, stating that the Fed must cut interest rates now.