Trump, Powell and Fed
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President Trump ramped up his call for Fed Chair Jerome Powell to lower interest rates after a new report showed sluggish hiring in May.
“ADP NUMBER OUT!!! ‘Too Late Powell’ must now LOWER THE RATE. He is unbelievable!!! Europe has lowered NINE TIMES!” the president raged. The jobs report from ADP comes two days ahead of ...
President Donald Trump met with Federal Reserve Chair Jerome Powell and the two discussed the economy but not Powell’s outlook for interest rates, the Fed said.
The president shifts blame for slow trade talks and economic warning signs while former top ally Elon Musk trashes his signature agenda bill.
Trump has frequently critiqued the Fed Chair in 2025, calling Powell a "major loser." On Wednesday, weaker private payrolls spurred fresh calls for rate cuts.
Explore why the Fed's cautious approach to rate cuts is crucial amid tariff uncertainties, inflation risks, and their impact on firms' income.