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Former President Trump urges Fed Chair Powell to lower interest rates amid weak job growth report.
Former U.S. President Donald Trump called on Federal Reserve Chair Jerome Powell to lower interest rates, citing a weak ADP report showing the lowest private-sector job growth in years—only 37,000 jobs in May.
Trump argued that the U.S. is at an economic disadvantage compared to Europe and China, which have lowered rates multiple times.
Despite previously threatening to fire Powell, Trump stated in April that he had no intention to do so.
The ADP report marked the weakest job growth since March 2023.
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El ex presidente Trump urge al presidente de la Fed Powell a bajar las tasas de interés en medio de un débil informe de crecimiento del empleo.