Trump shares handwritten note to Powell: ‘You have cost the USA A Fortune’
Share this @internewscast.com


President Trump on Monday shared a handwritten note to Federal Reserve Chair Jerome Powell urging him to lower interest rates, his latest attempt to push the central bank to do so.

Trump posted on Truth Social complaining that Powell and the rest of the Federal Reserve board of governors “should be ashamed of themselves” for declining to lower interest rates.

“They have one of the easiest, yet most prestigious, jobs in America, and they have FAILED And continue to do so,” Trump wrote.

Attached to the post was an image of interest rates set by other central banks around the world, which Trump had written on in Sharpie to deliver a message to Powell.

“Jerome – You are, as usual, ‘too late.’ You have cost the USA A fortune – and continue to do so – you should lower the rate – by a lot!” Trump wrote.

“Hundreds of billions of dollars being lost! No inflation,” he added, along with his signature.

Trump also added a handwritten annotation to argue the United States should be among the countries with the lowest interest rates, at 1.75 percent or less.

Fed officials kicked off the year expecting to continue cutting interest rates as inflation drifted back toward its ideal annual level of 2 percent. But the bank has held off through the first half of 2025 amid the uncertainty driven by Trump’s tariff plans.

Powell reiterated his call for patience Wednesday, after the Fed kept rates steady once again.

Trump has for months railed against Powell, nicknaming him “Too Late,” and bemoaned the Fed’s decision to keep interest rates steady. Trump has mused about firing Powell, who he appointed to the job in 2017. Powell’s term ends in 2026.

Updated at 1:55 p.m. EDT

Share this @internewscast.com
You May Also Like

Convictions Overturned: Former Chicago Detective’s Cases Reexamined in Court

CHICAGO (WGN) – Former Chicago Police Det. Reynaldo Guevara was a no-show…

DeSantis Approves $1 Million Compensation for Pasco Resident Struck by Bus Over 18 Years Ago

This week in Tampa, Florida, Gov. Ron DeSantis enacted a law permitting…

Columbia University Reports Politically Motivated Data Breach Involving Student Information

NEW YORK – Columbia University’s data systems suffered a breach by a…

Wildfires Force Evacuations of Hotels and Homes on Crete Island

ATHENS – A fierce wildfire, driven by powerful winds, blazed through Wednesday…

Lawsuit Filed Against Federal Government Over Endangered Desert Wetlands Wildflower

LAS VEGAS (KLAS) A lawsuit filed on Tuesday argues the federal government…

WCSO: Two Arrested Following Hammer and Gun Attacks

JONESBOROUGH, Tenn. (WJHL) — The Washington County, Tennessee Sheriff’s Office has reported…

The Richmond County Sheriff’s Office Shares Strategies for a Secure Fourth of July Celebration in Downtown Augusta

AUGUSTA, Ga. () – The Richmond County Sheriff’s Office has provided information…

Volusia County Dad Faces First-Degree Murder Charges in Son’s Hot Car Tragedy

VOLUSIA COUNTY, Fla. – According to the Volusia Sheriff’s Office, a man…

Skydiving Plane Veers Off New Jersey Runway into Forest, Injuring 15

Authorities reported that fifteen individuals were hospitalized after a skydiving plane veered…

Live at 10 a.m.: Essential Tips for Parking Lot Safety

ORLANDO, Fla. – Parking lots might appear as one of the most…

A recent agreement is altering how athletes are paid — but is it here to stay?

CHAMPAIGN, Ill. (WCIA) — College athletic departments and universities nationwide are venturing…

How is Josh Whitman Navigating the Evolving Landscape of College Sports?

CHAMPAIGN, Ill. (WCIA) – Illinois athletic Josh Whitman was hired at his…