Our President, Donald Trump, is once again showing his mastery over economics that these ivory tower academics just can’t seem to grasp.
Trump’s message to Jerome Powell, the Chair of the Federal Reserve, couldn’t be clearer: lower those interest rates! And why shouldn’t he? The ADP, a payroll processing firm, has been singing a tune we all know too well – job creation is on the decline!
Trump, with his usual flair, put it out there for everyone to see, right on Truth Social. He’s calling out Powell for being too slow on the uptake. ‘Too Late’ Powell, he’s calling him! I’d say that has a nice ring to it!
The job market in May, according to the ADP National Employment Report, was a DISASTER. A measly increase of 37,000 jobs, way down from an already paltry 60,000 in April. The economists, those so-called experts, had predicted a gain of 110,000 jobs. I guess their crystal balls must be on the fritz!
Europe has lowered its rates nine times. Nine times! But here in the United States, Powell’s sitting on his hands! It’s demonstrably absurd!
The way I see it, it’s time we started putting America first and making moves that benefit our workers. Trump understands this, now if only Powell would get the message.
