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Trump Slams Powell as Jobs Report Disappoints

6/5/2025

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Summary

Story summary

President Trump criticized Jerome Powell after only 37,000 private sector jobs were added in May, below expectations.
The disappointing jobs report heightened concerns about the US economy, prompting Trump to call for rate cuts.
The Bank of Canada remains cautious due to uncertainties in US trade policy affecting its monetary decisions.
Global central banks are adopting varied strategies in response to inflation and economic uncertainty, with recession risks looming in the US.

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Story summary

President Trump criticized Jerome Powell after only 37,000 private sector jobs were added in May, below expectations.
The disappointing jobs report heightened concerns about the US economy, prompting Trump to call for rate cuts.
The Bank of Canada remains cautious due to uncertainties in US trade policy affecting its monetary decisions.
Global central banks are adopting varied strategies in response to inflation and economic uncertainty, with recession risks looming in the US.