Trump Turns Up the Heat on Powell as Jobs Data Disappoints 📈
President Trump has ramped up his attacks on Fed Chair Jerome Powell after a weak ADP jobs report showed only 37,000 new private-sector jobs in May — the lowest since March 2023.
💬 Trump called Powell “unbelievable” and a “fool” for refusing to cut interest rates, citing Europe’s aggressive monetary easing.
⚖️ But Powell isn’t budging — the Fed remains data-dependent and cautious, citing the need for more clear signs of economic weakness.
👀 Why it matters for crypto:
Rate cut pressure could weaken USD and lift risk assets like BTC and ETH.
Continued Fed resistance may dampen near-term momentum.
All eyes on the official BLS jobs report this week — could swing macro sentiment.
🗓️ The Fed meets in two weeks. Until then, expect volatility across traditional and crypto markets alike.
