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Strategies & Market Trends : Humble1 and Swing Trading Friends
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From: humble16/4/2025 9:08:29 AM
   of 41025
 
Scapegoat Powell in the crosshairs:

President Donald Trump on Wednesday angrily urged Federal Reserve Chairman Jerome Powell to cut interest rates, minutes after the payroll firm ADP reported its lowest private-sector jobs number in years.

“ADP NUMBER OUT!!! ‘Too Late’ Powell must now LOWER THE RATE,” Trump wrote on

Trump met Powell at the White House last week to discuss the economy, but readouts from both sides suggest that the private meeting turned confrontational.

White House press secretary Karoline Leavitt said that Trump told Powell he was “making a mistake by not lowering interest rates, which is putting us at an economic disadvantage to China and other countries.” The Fed said that Powell stressed to Trump that monetary policy must be guided by economic data, not politics.

Trump has attacked Powell regularly since retaking office, calling him a “major loser” and branding him with the derisive nickname “Too Late” as a criticism of his continuing decision to hold rates steady.

Trump has repeatedly hinted that he was considering firing the Fed chair before his term expires in May 2026, even as Powell has maintained that the president cannot legally remove him.

Trump appeared to back down from his threat in April, saying he has “no intention” of firing Powell. But he has continued to publicly vent frustration toward the Fed chair.
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