New Delhi, June 4 -- US President Donald Trump on Wednesday redoubled his calls for Federal Reserve Chair Jerome Powell to lower interest rates, noting that payroll processing firm ADP reported that job creation slowed in May. "ADP number out. 'Too Late' Powell must now lower the rate. He is unbelievable. Europe has lowered nine times," Trump said in a Truth Social post.
ADP reported that US private payrolls increased far less than expected in May, increasing by only 37,000 jobs after a 60,000 rise in April that was revised downward. The data came ahead of a more comprehensive employment report that will be released on Friday by the Labor Department's Bureau of Labor Statistics.
In his post on social media, Trump remarked that Powell's ...
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