Trump Urges Fed Chair Powell to Cut Rates After Weak ADP Jobs Data

Trump Urges Fed Chair Powell to Cut Rates After Weak ADP Jobs Data

President Criticizes Fed After ADP Employment Misses Forecasts

United States President Donald Trump reignited pressure on the Federal Reserve and its Chair Jerome Powell on Wednesday, following the release of unexpectedly weak May private-sector employment data.

In a fiery post on Truth Social, Trump wrote:

“ADP NUMBER OUT!!! ‘Too Late’ Powell now must LOWER THE RATE. He is unbelievable!!! Europe has lowered NINE TIMES.”

The remarks came after ADP reported that only 37,000 private-sector jobs were added in May — the lowest increase since March 2023 and well below market expectations of 115,000. The disappointing print has triggered renewed debate over the need for monetary easing to support the economy.

Global Comparisons Highlight Fed Hesitancy

Trump contrasted Powell's caution with more aggressive European Central Bank (ECB) policy, noting, “Europe has lowered NINE TIMES.” This likely refers to cumulative rate cuts across various European economies.

The call adds to growing market speculation that the Federal Reserve could be forced to reconsider its current stance amid cooling labor market indicators and persistent fiscal uncertainties.

What’s Next for the Fed?

Markets now await further US labor market indicators, including the Nonfarm Payrolls (NFP) report due Friday, and June’s Federal Open Market Committee (FOMC) meeting, where rate policy will be in focus.

Related on Tredu.com

• ADP Jobs Report: May 2025 Breakdown
• Will the Fed Cut Rates in June?
• Trump vs. Powell: A Timeline of Criticism
• Global Central Banks and Rate Trends