Story perspectives

Trump Blasts Powell, Pushes for Rate Cuts Amid Job Data

9/7/2025

Summary

Story summary

President Trump criticized Jerome Powell for delaying interest rate cuts after only 22,000 new jobs were added in August.
Markets expect a likely rate cut at the Fed's September meeting, with minimal chance for a larger reduction.
Trump's tariffs are increasing inflation, complicating the Fed's decisions.
He fired the BLS Commissioner over poor employment data, raising concerns about political influence.
Trump nominated E.J. Antoni, a BLS critic, who proposed eliminating the monthly jobs report.

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Story summary

President Trump criticized Jerome Powell for delaying interest rate cuts after only 22,000 new jobs were added in August.
Markets expect a likely rate cut at the Fed's September meeting, with minimal chance for a larger reduction.
Trump's tariffs are increasing inflation, complicating the Fed's decisions.
He fired the BLS Commissioner over poor employment data, raising concerns about political influence.
Trump nominated E.J. Antoni, a BLS critic, who proposed eliminating the monthly jobs report.