Will Trump and Bessent online verbal abuse pressure US central bank to buckle and cut interest rate in July FOMC when the team convenes on July 29-30 ? For starters, the current administration is already planning to board a shadow Fed chairman who does not have executive power (yet), a white elephant, wasting tax payers’ monies, instead of cutting expenses to slow down US national debt accumulation. If the decision is based on facts, then it should be a resounding “No”. The jobs reports out this week points to that clearly. ADP non farm payroll. US private sector non-farm payroll report for June 2025 was published on Wed, 02 Jul 2025. Key takeaways: Report showed US private sector lost 33,000 jobs, marking the 1st monthly decline in over 2 years, sharply missing expectations for job growth