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White House says Trump sent a letter to Powell urging him to cut interest rates

World News

30-06-2025 | 13:46

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White House says Trump sent a letter to Powell urging him to cut interest rates

White House Press Secretary Karoline Leavitt said Monday that U.S. President Donald Trump sent a letter to Federal Reserve Chair Jerome Powell urging him to cut interest rates.

During a press briefing, Leavitt displayed a handwritten note from Trump to Powell on a sheet listing borrowing costs in more than 20 countries. She said Trump believes interest rates should be lowered to around one percent.

Reuters

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Donald Trump

Jerome Powel

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