#PowellSpeech
๐บ๐ธ Trump's Renewed Pressure on Powell ๐
President Trump has intensified his calls for the Federal Reserve to implement significant interest rate cuts, citing recent economic indicators as justification. ๐ 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 โ far below expectations ๐ฌ.
Trump also pointed to the European Central Bankโs multiple rate cuts this year ๐ป, emphasizing that the U.S. must follow suit to stay competitive and support growth ๐ต.