President Donald Trump on Wednesday called on Federal Reserve Chairman Jerome Powell to lower interest rates after ADP reported weak jobs data.

"ADP NUMBER OUT!!! "Too Late" Powell must now LOWER THE RATE. He is unbelievable!!! Europe has lowered NINE TIMES!" Trump wrote in a post on Truth Social.

Companies in the private sector added just 37,000 jobs in May, payroll processing firm ADP said Wednesday.

The figure is well below economists’ estimates of 110,000 jobs and down from the prior month’s revised reading of 60,000.

{ai:summary}<p>Former President Donald Trump urged Federal Reserve Chairman Jerome Powell to reduce interest rates following disappointing jobs data from ADP, which reported only 37,000 private sector jobs added in May. This figure fell short of economists' expectations of 110,000 jobs.</p><p>Trump criticized Powell's inaction, noting that Europe has lowered rates nine times. The weak job growth marks a decline from the previous month's revised total of 60,000 jobs. #economy</p>

Trump calls on 'Too Late' Powell to lower interest rates after dismal ADP jobs report

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