Federal Reserve Chair Jerome Powell speaks at the Washington DC on May 15, 2025 at the Thomas Labach Research Conference held by the Federal Reserve Board of Governors.
Andrew Hornick | Getty pictures
President Donald Trump Federal Reserve urged the President of Wednesday to anger Jerome Powell To cut interest rates, payroll agency ADP reported its low monthly private sector Job number Over the years.
“ADP Number Out T !!! ‘Very late’ Powell must now be reduced to rate,” Trump wrote Truthful.
“He is incredible !!!” The president said about the central bank president, he pressed for a shaving of debt rates in the hope of increasing economic growth.
“Europe is down nine times!” Trump said.
ADPs Report Private payers have shown that it has increased by just 37,000 in May, which has dropped to 110,000 from Dow Jones forecast.
This is a low monthly reading from ADP since March 2023.
The weak result came two days before the Bureau of Labor Statistics decided to release its own monthly US nonform payroll report, which was viewed more closely than the ADP’s figure.
Two reports do not usually reflect each other, mostly due to the different ways they collect data. But this is a good idea by giving a full picture to economists about what is happening in the labor market.
Economists who voted for Dow Jones expect the upcoming BLS report to show an increase in jobs by 125,000 jobs for May.
Trump met Powell To discuss the economy in the White House last week, but the reading of both sides suggests that a private meeting has become a confrontation.
The Fed President is making a mistake by “reducing interest rates, which is causing an economic inconvenience to China and other countries,” a White House press secretary Karolin Levit said. Fed said that Powell had emphasized Trump that the monetary policy should be guided by objective economic data.
Trump regularly attacked Powell while withdrawing the office, calling him “leading losers” and branding with the irony of “too late.”
Trump has repeatedly hinted that he is considering Fed to fly a chair Before his term expires in May 2026, Powell asserted that the president could not be legally removed.
Trump appeared Back Due to his threat in April, Powell said he was “no intention” to shoot him. But they have continued their frustration about the Fed chair.
As Powell dries his powder, the European Central Bank It is likely to reduce the rate again on Thursday, indicating the eighth cuts since last June.
The Euro sector reduces inflation and severe growth, increasing high interest rate cuts, even if Trump’s mercury tariffs and other geographical political forces are global economic uncertainty.
