Trump Urges Powell to Cut Interest Rates ‘By a Lot’ in Penned Note

“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…