Donald Trump Jay Powell tells the low prices because the data is concerned about the American economy

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Donald Trump Jay Powell, Chairman of the Federal Reserve, called for a reduction in American interest rates, as new data showed poor private sector employment and a shrinkage in the services sector, raising fears of economic slowdown.

Trump launched his attack on the US Central Bank in a social publication of the truth on Wednesday, as he compared it with the European Central Bank, which reduced interest rates this year while the Federal Reserve kept it fixed.

“ADP number !!!” It is too late, “Powell must now reduce the average. It is incredible !!! It has reduced Europe nine times!” Trump wrote, in reference to the private sector salary lists of automatic data processing, an American company.

The numbers showed an increase of only 37,000 jobs in May, the lowest monthly profit since March 2023. Soon after, the ISM activity index in the service sector showed unexpected if it was a slight contraction, adding concerns about American economic expectations.

“The respondents continued to report difficulty in predicting and planning due to uncertainty in the long -term tariff, frequently, the efforts made to delay the demand or reduce the minimum until the effects become more clear,” said Steve Miller, Chairman of the ISM Services Committee.

So far, and American economy The signs of flexibility in the face of Trump’s strong protectionist policies and efforts to reduce government programs and some federal agencies have shown.

But the weak numbers about private employment and the service sector can indicate fears that the largest economy in the world has been appointed to slow in the coming months.

On Wednesday, soft data raises the risks of monthly job numbers on Friday – and what they will tell the markets about the health of the American economy.

Economists surveyed by Bloomberg expect a slowdown in creating jobs to 130,000 jobs in May, compared to 177,000 in April. The unemployment rate in May is expected to remain 4.2 percent.

Last week, Trump Powell met with the White House and warned him that the Federal Reserve is committing a “mistake” by not reducing the main interest rate of the central bank from its current range of 4.25 percent to 4.5 percent.

According to the Federal Reserve Bank, Powell Trump told that monetary policy will dictate it with economic data alone and that its decisions “depend only on precise, objective and non -political analysis.”

Trump has been repeatedly criticized and publicly feedingIn each of these first and second presidential conditions, which raises fears that the president is undermining the independence of the US Central Bank.

But Trump recently retracted the previous suggestions that he would try to remove Powell from his post before his term in May 2026.