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BumRushDaShow

(159,191 posts)
Wed Jun 4, 2025, 08:32 AM Jun 2025

Trump says 'Too Late' Powell must lower interest rates after weak ADP jobs report [View all]

Source: CNBC

Published Wed, Jun 4 2025 8:25 AM EDT | Updated 9 Min Ago


President Donald Trump on Wednesday angrily urged Federal Reserve Chairman Jerome Powell to cut interest rates, minutes after the payroll firm ADP reported its lowest private-sector jobs number in years.

“ADP NUMBER OUT!!! ‘Too Late’ Powell must now LOWER THE RATE,” Trump wrote on Truth Social. “He is unbelievable!!!” the president said of the central bank chairman, whom he has frequently pressured to shave rates in hopes of spurring economic growth. Trump added: “Europe has lowered NINE TIMES!”

ADP’s report showed private payrolls ticked up by just 37,000 in May, far below the Dow Jones forecast for 110,000. The count was the lowest monthly reading from ADP since March 2023.

The weak result came two days before the Bureau of Labor Statistics releases its own monthly U.S. nonfarm payrolls report, which is much more closely watched than ADP’s figure.

Read more: https://www.cnbc.com/2025/06/04/trump-powell-adp-jobs.html





Article updated.

Original article -

Published Wed, Jun 4 2025 8:25 AM EDT | Updated 1 Min Ago


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

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

“He is unbelievable!!!” the president said of the central bank chairman, whom he has frequently pressured to shave rates in hopes of spurring economic growth.

Trump added: “Europe has lowered NINE TIMES!”


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IOW, lower the interest rate on the $31 trillion debt. no_hypocrisy Jun 2025 #1
{moot} Bernardo de La Paz Jun 2025 #5
My bad. Corrected. Thank you. no_hypocrisy Jun 2025 #6
Yes. tRump has been quietly celebrating the big steady drop in the dollar for the same reason. . . . nt Bernardo de La Paz Jun 2025 #9
'Too Late'? That's the nickname? tanyev Jun 2025 #2
his brain is fried rurallib Jun 2025 #16
I mean, "Procrastinatin' Powell" would have had some heft to it. tanyev Jun 2025 #17
Where I grew up they called such people stupid, really fuckin' stupid. twodogsbarking Jun 2025 #3
God help us.................... Lovie777 Jun 2025 #4
The ADP doesn't do unemployment numbers. We'll have to wait for the BLS numbers on Friday for that progree Jun 2025 #11
TACO having a sad Aviation Pro Jun 2025 #7
Along with manipulation of the stock markets, the orange ass clown is .. Crowman2009 Jun 2025 #8
He's At It Again... GB_RN Jun 2025 #10
Every day is a fresh opportunity for President Psychopath to prove how ignorant he is about how things work. ❤️ littlemissmartypants Jun 2025 #12
Trying to control the narrative Owens Jun 2025 #13
It's funny that he has a little nickname for Powell and Powell doesn't give a shit Prairie Gates Jun 2025 #14
Little donny just can't admit it's his "economic strategy" slightlv Jun 2025 #15
TACO Don's economy is tanking BIGLY!!! ProudMNDemocrat Jun 2025 #18
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