Trump says ‘Too Late’ Powell must lower interest rates after weak ADP jobs report

Trump says ‘Too Late’ Powell must lower interest rates after weak ADP jobs report

U.S. Federal Reserve Chair Jerome Powell departs after holding a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, D.C., U.S., May 7, 2025. Kevin Lamarque | Reuters President Donald Trump on Wednesday angrily urged Federal Reserve Chairman Jerome Powell to cut interest rates, minutes after…

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Not chickening out on tariffs

Not chickening out on tariffs

President Donald Trump on Wednesday pushed back against an emerging critique of his on-again, off-again tariff threats, which has been derisively summed up as the “TACO trade.” The term coined by a Financial Times columnist — which stands for “Trump Always Chickens Out” — describes a pattern in which Trump announces heavy new tariffs, sending…

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