Key Facts
• June 4, 2025: Trump called on Federal Reserve Chair Powell to lower interest rates.
• ADP private employment data for May showed a slowdown in job growth.
• Trump criticized the pace of action, stating, “Too slow. Powell must cut rates now.”
• He highlighted that Europe has reduced interest rates nine times.
• Trump made these remarks on his social media platform, Truth Social.
Summary
On June 4, 2025, former U.S. President Donald Trump urged Federal Reserve Chair Jerome Powell to lower interest rates, citing a slowdown in private employment growth as reported by ADP for May. Trump expressed frustration over the pace of action, emphasizing the need for immediate rate cuts and comparing the U.S. to Europe, which has reduced rates nine times. His comments were shared on Truth Social, his social media platform.
