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Trump shares handwritten note to Powell: ‘You have cost the USA A Fortune’

  • President Donald Trump criticized Federal Reserve Chairman Jerome Powell, urging him to lower interest rates due to the U.S. needing to refinance about $9 trillion in debt.
  • Trump shared a handwritten note on Truth Social urging Powell to lower interest rates significantly, asserting that hundreds of billions of dollars are being lost.
  • The President is considering nominating a new Fed chair as early as September to replace Powell, indicating discontent with current monetary policy.
  • Press Secretary Karoline Leavitt supported Trump’s views, highlighting an economic boom under his policies while criticizing the Fed's inaction on interest rates.
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[Washington = Takami Kosuke] On the 30th, US President Trump sent a table to Federal Reserve Chairman Powell, listing policy interest rates from around the world and writing his requested levels in handwriting. He called for a "significant cut in interest rates" to curb the US government's interest payment costs. His remarks seem to shift criticism of the country's worsening finances onto the Fed. White House Press Secretary Levitt revealed this…

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Fox Business broke the news in United States on Sunday, June 29, 2025.
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