President Donald Trump called on Federal Reserve Chair Jerome Powell to lower interest rates again on Wednesday after ADP said the pace of hiring in the private sector fell to its lowest levels since March 2023.

Trump has branded Powell with the nickname "Too Late" as a criticism of the Fed Chair's continuing decision to hold interest rates steady.

ADP showed that firms with under 50 workers cut 13,000 jobs, while large establishments with at least 500 workers cut 3,000. Mid-size businesses added 49,000. Economists don't vie