### Trump Urges Fed to Slash Rates Amid Stronger-than-Expected Jobs Report

President Donald Trump has called on Federal Reserve Chairman Jerome Powell to cut interest rates by a full percentage point. This bold demand came on the heels of an encouraging jobs report from the Bureau of Labor Statistics, which showed that U.S. hiring had decreased less than analysts anticipated for the previous month.

In a post on Truth Social, Trump insisted that the U.S. economy is performing well and advocated for a significant rate cut to further stimulate growth. The former president, who has a history of pressuring Powell for rate cuts, dismissed the likelihood that the Federal Open Market Committee would adopt such a measure in their upcoming meeting.

The latest labor data revealed that nonfarm payrolls increased by 139,000 in May, surpassing the Dow Jones estimate of 125,000. These numbers came as a relief amid concerns that Trump's trade policies and tariffs could be slowing economic progress. Despite the unexpected job growth, Trump reiterated his dissatisfaction with Powell's policies, claiming they have hindered economic performance.

Throughout his second term, Trump has regularly criticized Powell and the Federal Reserve for not reducing rates, especially as other central banks, such as the European Central Bank, have moved to lower their rates. The ECB recently lowered its benchmark rate by another quarter point, marking its eighth cut since June of the previous year.

Trump pointed out that even if inflation were to rise, Powell could easily increase rates again to manage it. He argued that lower borrowing costs would benefit the U.S. economy and ease financial burdens, particularly on long-term debt. Nevertheless, Trump did not shy away from his usual sharp criticism of Powell, referring to the Fed's delay in rate cuts as a "disaster."

Market predictions indicate a slim chance of any rate decrease by the Federal Reserve in their next session, with a mere 22% probability of more than two cuts by the end of 2025. Despite Trump's public pressure, it remains unclear whether his calls for drastic rate reductions will influence the central bank's future decisions.