Source: CNBC
“President Donald Trump on Wednesday angrily urged Federal Reserve Chairman Jerome Powell to cut interest rates, minutes after the payroll firm ADP reported its lowest monthly private-sector jobs number in years. ‘ADP NUMBER OUT!!! ‘Too Late’ Powell must now LOWER THE RATE,’ Trump wrote on Truth Social. ‘He is unbelievable!!!’ the president said of the central bank chairman, whom he has frequently pressured to shave borrowing rates in hopes of spurring economic growth. ‘Europe has lowered NINE TIMES!’ Trump added.” [editor’s note: The total debt-to-GDP ratio of EU regimes is less than 1/8th that of the US regime. Less money tied up in regime boondoggles means more money available, which means lower interest rates – TLK] (06/04/25)