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Former President Donald Trump has renewed his criticism of Federal Reserve Chair Jerome Powell, leveraging weaker-than-expected jobs data to call for an immediate rate cut.
In a post on Truth Social Wednesday, Trump reacted to the latest ADP employment report, which showed just 37,000 private-sector jobs added in May—well below the 110,000 anticipated by economists.
“ADP NUMBER OUT!!! ‘Too Late’ Powell must now LOWER THE RATE. He is unbelievable!!! Europe has lowered NINE TIMES!” Trump wrote.
The figure represents the lowest monthly job gain since March 2023 and arrives just two days ahead of the more influential Bureau of Labor Statistics (BLS) report, which is expected to show 125,000 new jobs.
Tense Meeting Behind Closed Doors
Trump’s latest attack follows a recent White House meeting with Powell that reportedly became tense. According to Trump’s press secretary, Karoline Leavitt, the president told Powell he was making a “mistake” by not cutting rates and warned that U.S. inaction could allow rivals like China to gain an economic edge.
However, the Fed pushed back, issuing a statement saying Powell emphasized that the central bank’s decisions are based on economic data—not political pressure.
A Long-Running Feud
Since returning to office, Trump has frequently targeted Powell, calling him a “major loser” and derisively nicknaming him "Too Late" for what Trump sees as a sluggish response to changing economic conditions.
He has also hinted at removing Powell before his term ends in May 2026, though he walked back that threat in April, stating he had “no intention” of firing him—for now. Still, Trump's rhetoric makes clear he remains deeply frustrated with the Fed’s cautious stance.
International Comparisons Fuel Criticism
Trump has also pointed to Europe’s monetary policy to bolster his case. The European Central Bank (ECB) is widely expected to cut interest rates again on Thursday, marking what would be its eighth rate cut since June 2024. The ECB’s ongoing efforts to stimulate growth amid cooling inflation stand in stark contrast to the Fed’s continued rate hold.
For Trump, the comparison underscores his broader concern: that the U.S. is falling behind amid growing global uncertainty, trade tensions, and economic slowdown signals. Whether the upcoming BLS report shifts the Fed’s calculus remains to be seen—but for now, Powell isn’t budging.

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Tensions between Russia and former U.S. President Donald Trump exploded into the open this week, with both sides trading threats and accusations on social media — raising fears of global conflict.
It started when Trump, in a post on Truth Social, accused Russian President Vladimir Putin of “playing with fire” by sending 50,000 troops toward Ukraine’s Sumy region, near the northern border. Ukraine claims it could signal a renewed offensive.
In response, former Russian president and current Security Council deputy chair Dmitry Medvedev fired back on X (formerly Twitter), stating that World War III is the “only REALLY BAD thing” for Russia — and made sure to tag Trump directly: “I hope Trump understands this!”

Trump’s original post read:
“What Vladimir Putin doesn’t realize is that if it weren’t for me, lots of really bad things would have already happened in Russia, and I mean REALLY BAD. He’s playing with fire.”
Medvedev’s reply was widely criticized. Keith Kellogg, a close Trump ally and envoy, called the rhetoric “reckless,” saying such talk “stokes fears of World War III — and that’s unworthy of a nuclear power.”

Russia’s Economic Engine Starts to Sputter
While tensions rise on the international stage, Russia’s domestic economic engine is showing early signs of stress.
According to a Financial Times analysis of online job listings, wage growth in Russia has significantly slowed. From late 2024 into early 2025, the average salary increase dropped from 4.2% to just 2.2%. Real income growth also declined — falling to 7.1% in early 2025, down from 8.3% the previous year.
This comes after two years of wartime spending fueled a mini economic boom. Defense industry jobs, generous government-backed mortgages, and higher salaries pushed incomes up — even as inflation climbed nearly 30% over three years.
“Russia’s economy is under strain, and the problems are piling up,” said economist Konstantin Nasonov. “But people still have more money than they did a few years ago — at least for now.”
New job offers are typically the first to reflect economic tightening, said Indeed’s Pawel Adrjan, who helped analyze the data. “Employers tend to reduce offers to new hires first — it’s an early signal of where the broader market is headed.”
But cracks are forming in public sentiment. Independent survey group Chronicles found that 40% of Russians say their financial situation is getting worse, and only 20% believe it’s improving. Co-founder Alexei Minyailo noted:
“As financial conditions deteriorate, support for the war becomes more fragile.”

In short, while Russia flexes its military muscle abroad and trades harsh words with the West, its economic resilience may be quietly eroding at home. With global tensions running high and both sides unwilling to back down, the next moves from Trump, Putin, or Medvedev could carry serious consequences — far beyond the battlefield.

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