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Trump Blasts Powell Over Disappointing Jobs Report

6/6/2025

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Story summary
  • President Trump took to social media to lash out at Federal Reserve Chair Jerome Powell following a dismal jobs report revealing just 37,000 private payroll additions in May. Trump urged for lower interest rates, holding Powell accountable for the sluggish economy. Meanwhile, Powell stood firm, asserting the Fed's independence and the importance of data-driven monetary policy.