Trump says interest rate should be 1% or less, takes aim at Powell
US President Donald Trump wrote to Fed Chair Jerome Powell urging him to lower interest rates, White House press secretary Karoline Leavitt told reporters on Monday, June 30. Leavitt, at a briefing, displayed a copy of Trump's handwritten notes to Powell on a piece of paper showing the interest rates charged by more than two dozen countries. Trump believes interest rates should be lowered to about 1%, she said. Trump said that Federal Reserve Chair Jerome Powell and members of the Federal Reserve Board of Governors have failed to do their jobs.
VIDEO BY REUTERS / SOCIAL MEDIA WEBSITE
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