Trump says ‘Too Late’ Powell should decrease rates of interest after weak ADP jobs report

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U.S. Federal Reserve Chair Jerome Powell departs after holding a press convention following a two-day assembly of the Federal Open Market Committee on rate of interest coverage in Washington, D.C., U.S., Could 7, 2025.

Kevin Lamarque | Reuters

President Donald Trump on Wednesday angrily urged Federal Reserve Chairman Jerome Powell to chop rates of interest, minutes after the payroll agency ADP reported the bottom private-sector jobs report in years.

“ADP NUMBER OUT!!! ‘Too Late’ Powell should now LOWER THE RATE,” Trump wrote on Truth Social.

“He’s unbelievable!!!” the president mentioned of the central financial institution chairman, whom he has continuously pressured to shave charges in hopes of spurring financial development.

Trump added: “Europe has lowered NINE TIMES!”

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