White House Says Trump Wrote Powell to Urge Lower Rates

The Wealth Advisor Contributor

June 30, 2025

(Reuters) - U.S. President Donald Trump wrote Fed Chair Jerome Powell urging him to lower interest rates, White House press secretary Karoline Leavitt told reporters on Monday.

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.

By Andrea Shalal and Steve Holland
Editing by Chris Reese
June 30, 2025

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