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Trump Slams Fed, Musk Denounces Spending Bill Amid Trade Tensions

6/6/2025

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Summary

Story summary

President Trump criticized Federal Reserve Chair Jerome Powell for maintaining interest rates amid weak job growth, claiming it harms U.S. competitiveness.
He expressed frustration with China's President Xi Jinping over stalled trade agreements, despite earlier tariff reductions.
Elon Musk condemned Trump's spending bill as a "disgusting abomination," urging Congress to reject it, reflecting rising tensions with the Trump administration.

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Story summary

President Trump criticized Federal Reserve Chair Jerome Powell for maintaining interest rates amid weak job growth, claiming it harms U.S. competitiveness.
He expressed frustration with China's President Xi Jinping over stalled trade agreements, despite earlier tariff reductions.
Elon Musk condemned Trump's spending bill as a "disgusting abomination," urging Congress to reject it, reflecting rising tensions with the Trump administration.