Trump sends ‘Mr. Too Late’ Jerome Powell fiery note as he sharply criticizes current U.S. interest rates. The note, delivered Monday, accuses Federal Reserve Chair Jerome Powell of keeping rates too high and costing the country billions.
The White House displayed the handwritten note during a press briefing. It included a chart comparing interest rates worldwide. Trump highlighted how many countries maintain much lower rates than the U.S.
Trump sends Mr. Too Late Jerome Powell fiery note, calling for major rate reductions. The note states, “You have cost the USA a fortune and continue to do so.” It urges Powell to lower rates “by a lot.”
White House Press Secretary Karoline Leavitt said the chart shows nations such as Japan, Denmark, and Botswana with significantly lower rates. She emphasized that the U.S. has one of the highest rates despite a strong economy.
Trump’s note blames the Federal Reserve’s target rate of 4.25% to 4.5% for losing hundreds of billions of dollars. He insists inflation is not a problem, so rates should fall quickly.
Trump sends Mr. Too Late Jerome Powell fiery note amid growing political pressure on the Fed. The President has repeatedly criticized Powell’s handling of monetary policy and called for faster interest rate cuts.
Meanwhile, Powell has maintained that inflation risks and tariffs limit the Fed’s ability to reduce rates quickly. He has emphasized the need to balance growth with price stability.
This ongoing tension between the White House and the Federal Reserve raises questions about the future of U.S. monetary policy. Investors and economists watch closely as debates over interest rates continue.
Trump sends Mr. Too Late Jerome Powell fiery note, signaling a tough stance on economic leadership. The Fed’s decisions in the coming months will be critical to the nation’s financial outlook.
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