Part 2/7:
Trump emphasized the urgency of rate cuts, stating, "Powell must now lower the rate." He pointed out that European economies have acted more decisively, with the European Central Bank reportedly lowering rates nine times. Contrasting these developments, Trump noted the weak job report significantly fell short of a forecasted 110,000 jobs by Reuters economists. His grievances against Powell have been fueled further by concerns over Powell's decision to maintain interest rates between 4.25% and 4.5%, despite alarming signs in the economy.