Trump Pressures the Fed: “Powell Is Incredible. He Must Cut Rates Now!”

Donald Trump is once again turning up the heat on Federal Reserve Chair Jerome Powell, this time using the latest weak U.S. job data as ammunition. In a fiery post on Truth Social, Trump called Powell “incredible” and accused him of inaction that could give China and Europe a competitive edge over the U.S.

🔹 Weak Job Numbers Fuel Trump’s Demand On Wednesday, Trump posted: “ADP NUMBER DROPPED!!! ‘Too Late’ Powell must CUT THE RATE now. He’s incredible!!! Europe has cut NINE TIMES!” His remarks came shortly after ADP released disappointing employment data showing that U.S. private employers created just 37,000 jobs in May—well below the 110,000 expected by Dow Jones analysts. This was the lowest monthly gain since March 2023, and it arrived just two days before the more influential government jobs report is set to be released.

🔹 Tense Meeting at the White House According to Trump spokesperson Karoline Leavitt, the former president recently met with Powell at the White House and told him that not cutting interest rates was a mistake. Trump warned that Powell’s inaction could let countries like China gain an advantage. Powell reportedly defended the Fed’s stance, insisting that monetary policy must follow data, not political pressure. In a statement, the Federal Reserve confirmed: “Monetary policy must be guided by economic data, not politics.”

🔹 While Europe Cuts Rates, Powell Stalls Trump has pointed to Europe as an example of decisive action. The European Central Bank is widely expected to cut interest rates again this Thursday—marking its eighth rate cut since June 2024. As inflation cools and Eurozone growth slows, the ECB is taking action, while Powell’s Fed remains on hold. Trump sees this as a growing threat. With global uncertainty rising due to tariffs and geopolitical tensions, he believes the Fed’s paralysis is undermining U.S. economic competitiveness.

🔹 “Too Late” Powell and the Threat of Removal Trump has long mocked Powell with the nickname “Too Late”, and frequently questions his ability to respond swiftly. He has previously suggested he might try to remove Powell before his term ends in May 2026, despite Powell’s insistence that the law doesn’t give the president that authority. Although Trump stated in April that he had “no intention” of removing Powell, his ongoing attacks suggest deep frustration.

📌 One-Minute Recap: 🔹 Trump calls Powell “incredible” and demands immediate rate cuts

🔹 Only 37,000 new jobs in May – far below expectations

🔹 Tense White House meeting: Powell resists political pressure

🔹 ECB expected to cut rates for the eighth time

🔹 Trump warns of U.S. falling behind Europe and China

#TRUMP , #JeromePowell , #Fed , #TruthSocial , #FederalReserve

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