$TRUMP | Price: $10.89 | 🔻 -5.3%
Former U.S. President Donald Trump is back in the spotlight — this time, targeting Federal Reserve Chair Jerome Powell over interest rates, citing disappointing job data as a reason to act.
In a fiery Truth Social post following the latest ADP employment report, Trump declared:
> “ADP NUMBER OUT!!! ‘Too Late’ Powell must now LOWER THE RATE. He is unbelievable!!! Europe has lowered NINE TIMES!”
The ADP report revealed U.S. private sector job growth at just 37,000 in May — far below the 110,000 forecast and the weakest reading since March 2023. This comes just ahead of the more influential U.S. nonfarm payrolls report, which is projected to show ~125,000 new jobs.
🔥 Trump’s Take:
He argues Powell is hurting the economy by keeping rates high.
Claims he personally warned Powell during a recent White House meeting.
Points to Europe, where the ECB has cut rates 9 times since June 2024, as a smarter model.
🏛️ Powell’s Response:
The Fed emphasized that rate decisions are based on economic data, not politics.
Powell reportedly stood firm against political pressure.
Trump’s frustration is clear — especially as Europe takes an aggressive easing stance amid cooling inflation and sluggish growth. He believes the U.S. risks falling behind competitors like China and the EU if the Fed doesn’t act swiftly.
⚠️ With global volatility on the rise — from trade tensions to geopolitical risks — this policy clash could have real consequences for both markets and macro sentiment.
💬 What do you think? Should Powell cut rates? Is Trump right or just politicking?
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