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Trump: ADP data is far below expectations, Powell must lower interest rates now.
On June 4, Trump called out Fed Chair Jerome Powell again on social media, saying, "The ADP data is out, and 'Mr. Late' Powell must cut interest rates now." He's incredible, Europe has cut interest rates nine times!" BlockBeats previously reported that the ADP private employment report in the United States for May increased by only 37,000, well below expectations of 114,000. April's figure was revised downward by 20,000 to 60,000. 37,000 is the lowest level since March 2023. ( gold ten )