#PowellSpeech
🇺🇸 Trump's Renewed Pressure on Powell 📉
President Trump has intensified his calls for the Federal Reserve to implement significant interest rate cuts, citing recent economic indicators as justification. 📊 In a Truth Social post dated June 4, he criticized Powell for not acting swiftly enough, especially in light of the ADP jobs report that showed only 37,000 new jobs added in May — far below expectations 😬.
Trump also pointed to the European Central Bank’s multiple rate cuts this year 🔻, emphasizing that the U.S. must follow suit to stay competitive and support growth 💵.