“Jerome late Powell and all his management should be ashamed that they let it happen in the United States. They have one of the easiest and at the same time the most prestigious works in America and they disappointed – and they still do it” – Trump wrote in the entry on the Truth Social portal.
As the spokeswoman of the White House said at the Monday briefing, Karoline Leavitt, Trump sent a letter on this matter on Monday.
“Cambodia, Japan, Denmark, Thailand pay lower interest rates than the United States of America, which have one of the hottest and strongest economies in the world,” said Leavitt.
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Interest rates in the USA. That's what Trump should be
The entry was joined by a letter sent to Powell written on a print table with a list of countries where interest rates are lower than in the USA. “Jerome, you are as usual. You cost us a fortune – and you still do it. You should lower your feet – a lot,” he wrote with the marker Trump. In the entry on Truth Social, he assessed that The rate should be about 1 percent, while currently it is 4.25-4.5 percent. On the sent list, Trump also marked its preferred range of feet. “We should be here,” he wrote next to the drawn arrow indicating the place in the table between Japan (0.5 percent) and Denmark (1.75 percent).
This is another in a series of steps of the White House aimed at putting pressure on the president of the Central Bank to lower interest rates, which would reduce the costs of incurring debt. Earlier, Trump repeatedly called Powell “stupid” and accused him of politicized. Leavitt accused Powell on Monday – who was originally called to his role by Trump – that he did not hesitate before lowering his feet before the election in 2024.
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When asked why Trump has not released the president of the Fed yet, she said it was a “good question”. However, she refused to speculate who could replace Powell when his term expires next year. Minister of Finance Scott Bessent is mentioned among potential candidates. Bessent stated in a Monday interview with Bloomberg that he already had “the best job in Washington”.
