Trump Urges Powell to Cut Interest Rates ‘By a Lot’ in Penned Note
By: The Associated Press | Published: 2025-06-30 22:31:00 | Source: www.nytimes.com
new video loaded: Trump Urges Powell to Cut Interest Rates ‘By a Lot’ in Penned Note
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transcript
Trump Urges Powell to Cut Interest Rates ‘By a Lot’ in Penned Note
Jerome H. Powell, chair of the Federal Reserve, has been at odds with President Donald Trump’s stance on lowering interest rates.
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“The president sent this note to the Fed Chair. It says, ‘Jerome, you are, as usual, too late. You have cost the U.S.A. a fortune and continue to do so. You should lower the rate by a lot. Hundreds of billions of dollars are being lost and there is no inflation.” “I’d love him to resign if he wanted to. He’s done a lousy job. But we have a guy that’s just a stubborn mule and a stupid person that is making a big mistake. I’ve instructed my people not to do any…
