Trump urges Fed rate cuts amid mixed jobs data and economic concerns
TL;DR Summary
The US economy added 139,000 jobs in May, slightly above expectations, with unemployment steady at 4.2%, prompting Donald Trump to call for a significant interest rate cut by the Federal Reserve. Despite mixed signals from the jobs data and wage growth, stock markets rallied, and Trump criticized Fed Chair Jerome Powell for not cutting rates earlier, advocating for a full percentage point reduction to boost borrowing and economic growth.
- Donald Trump calls for big cut to US interest rates after jobs report shows hiring slowdown – as it happened The Guardian
- Trump presses Powell for a full-point interest rate cut despite strong jobs report CNBC
- Trump fumes at Jerome Powell after weak ADP jobs report MSNBC News
- Trump slams Fed chair Powell after hiring slowdown Axios
- Trump airs frustrations with Xi and Jerome Powell over elusive economic goals NBC News
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