US EditionTrump presses Powell for a full-point interest rate cut despite strong jobs report
- On June 6, President Donald Trump called on Federal Reserve Chair Jerome Powell to reduce borrowing costs by one full percentage, despite the May jobs report indicating the economy added 139,000 positions and the unemployment rate holding steady at 4.2%.
- The Fed paused rate hikes in January amid economic uncertainty caused partly by Trump's shifting tariff policies, which have left businesses and policymakers unsure about inflation and growth impacts.
- Fed officials have kept rates at 4.25%-4.50% since December, signaling they will wait for clear labor market weakening before cutting rates again, while recent data show job gains slowing but the market remaining healthy.
- Federal Reserve Bank of Cleveland President Beth Hammack expressed uncertainty about the future direction of the economy, highlighting the need for caution given mixed signals and inflation remaining above the 2% target.
- The divergence between Trump's pressure for rate cuts and the Fed's data-driven caution suggests potential volatility, as markets expect no cuts until September while inflation risks and tariffs continue to influence policy decisions.
68 Articles
68 Articles
Trump: ‘Too Late’ Powell Should ‘Go for a Full Point’ on Interest
President Donald Trump on Friday pushed the Federal Reserve to cut interest rates by a full point, pointing to Europe’s rate cuts and taking a swipe at Federal Reserve Chairman Jerome Powell. “‘Too Late’ at the Fed is a disaster! Europe has had 10 rate cuts, we have had none. Despite him, our Country is doing great. Go for a full point, Rocket Fuel!” Trump posted on his Truth Social account. Trump’s post follows a similar call on Wednesday when …
DisInfoDon: Trump presses Powell for a full-point interest rate cut despite 'strong' jobs report
‘Strong’ if you believe a ‘better-than-expected number’ is higher than a ‘downwardly revised estimate’ and in airborne condiments news: Vance: Perception of Trump as 'short-tempered' is 'ridiculous' President Donald Trump on Friday urged Federal...
Coverage Details
Bias Distribution
- 48% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
