Trump Demands Lower Rates After Weak ADP Jobs Data—Will the Fed Budge?

Federal Reserve officials have expressed caution before taking policy action again.

Federal Reserve chairman Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on Capitol Hill in Washington, on Feb. 11, 2025. Madalina Vasiliu/The Epoch Times

President Donald Trump on June 4 repeated his demand for Federal Reserve chair Jerome Powell to cut interest rates.

“ADP number out! ‘Too Late’ Powell must now lower the rate,” Trump said in a Truth Social post. “He is unbelievable! Europe has lowered nine times!”