Trump says 'Too Late' Powell must lower interest rates after weak ADP jobs report

[BumRushDaShow]

Source: CNBC

Published Wed, Jun 4 2025 8:25 AM EDT | Updated 9 Min Ago


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 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 rates in hopes of spurring economic growth. Trump added: “Europe has lowered NINE TIMES!”

ADP’s report showed private payrolls ticked up by just 37,000 in May, far below the Dow Jones forecast for 110,000. The count was the lowest monthly reading from ADP since March 2023.

The weak result came two days before the Bureau of Labor Statistics releases its own monthly U.S. nonfarm payrolls report, which is much more closely watched than ADP’s figure.

Read more: https://www.cnbc.com/2025/06/04/trump-powell-adp-jobs.html

---

Article updated.

Original article -

Published Wed, Jun 4 2025 8:25 AM EDT | Updated 1 Min Ago


President Donald Trump on Wednesday angrily urged Federal Reserve Chairman Jerome Powell to cut interest rates, minutes after the payroll firm ADP reported the lowest private-sector jobs report 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 rates in hopes of spurring economic growth.

Trump added: “Europe has lowered NINE TIMES!”


This is breaking news. Please refresh for updates.

[no_hypocrisy]

1. IOW, lower the interest rate on the $31 trillion debt.

[Bernardo de La Paz]

5. {moot}

[no_hypocrisy]

6. My bad. Corrected. Thank you.

[Bernardo de La Paz]

9. Yes. tRump has been quietly celebrating the big steady drop in the dollar for the same reason. . . . nt

[tanyev]

2. 'Too Late'? That's the nickname?

Donny’s not even bringing his best efforts to the nickname game anymore.

[rurallib]

16. his brain is fried

never worked very good to begin with

[tanyev]

17. I mean, "Procrastinatin' Powell" would have had some heft to it.

I guess that’s 4 more syllables than Donny’s capable of these days.

[twodogsbarking]

3. Where I grew up they called such people stupid, really fuckin' stupid.

[Lovie777]

4. God help us....................

where is the unemployment status?

[progree]

11. The ADP doesn't do unemployment numbers. We'll have to wait for the BLS numbers on Friday for that

Also,

The ADP numbers cover only about 20% of the nation's private workforce.
https://www.federalreserve.gov/newsevents/speech/powell20191008a.htm

the ADP National Employment Report and ADP Small Business Report are derived from ADP payroll data representing 460,000 U.S. clients and nearly 26 million workers
https://finance.yahoo.com/news/september-2021-adp-national-employment-121500533.html
the above link is no longer good, but archive.org has it:
https://web.archive.org/web/20211207005815/https://finance.yahoo.com/news/september-2021-adp-national-employment-121500533.html

[Aviation Pro]

7. TACO having a sad

Many sads.

Let's go TACO! Clap, clap, clapclapclap.

[Crowman2009]

8. Along with manipulation of the stock markets, the orange ass clown is ..

... deliberately destroying the economy for the purpose of lowering interest rates.

[GB_RN]

10. He's At It Again...

T**twaffling.

Trump Whinging And Tweeting While Acting like a F**king Fool, Lying ‘N Gaslighting.

Backronym of my own creation. 😁

[littlemissmartypants]

12. Every day is a fresh opportunity for President Psychopath to prove how ignorant he is about how things work. ❤️

[Owens]

13. Trying to control the narrative

He will blame Powell for the low numbers not because of his policies

[Prairie Gates]

14. It's funny that he has a little nickname for Powell and Powell doesn't give a shit

[slightlv]

15. Little donny just can't admit it's his "economic strategy"

that's killing all the numbers (not to mention the people behind the numbers!) Just like republicans say conservatism can't fail, it can only be failed by people... little donny is such a genius that it's not his strategies that are failing, only the people implementing them are failing. And he refuses to take the blame for someone else's problems. Please, if there are any gods, goddesses, or aliens from advanced worlds anywhere, will you please relieve us of this evil!

[ProudMNDemocrat]

18. TACO Don's economy is tanking BIGLY!!!

Former Pres. Joe Biden is NOT to blame for all of this. As hard as TACO tries to lay blame on Joe, Joe will have the last laugh and should use language that the MAGA crowd needs to hear in no uncertain terms.