Trump sends Powell a stern message with global interest rate chart

President Donald Trump sent a memo to the President of the Federal Reserve Jerome Powell on Monday explaining how other countries around the world have lower interest rates compared to the United States as the President continues to accuse the Federal Reserve Speaker of maintaining interest rates “artificially”.

“Jerome, as usual, is too late. The United States has cost a fortune and continues to do so,” said Caroline Levitt, the White House press secretary. “You must reduce the rate a lot. Hundreds of billions of dollars are lost and there is no enlargement.”

Levitt said Trump sent a plan that shows the countries that extend from Japan to Botswana that have lower interest rates compared to the United States, which was accompanied by Trump’s memo telling Powell that the United States is losing hundreds of billions of dollars because of its current target rate of 4.25 % to 4.5 %.

“This is a plan for all interest rates in many countries around the world,” Levitte said during a copy of the note Trump Powell on Monday. “At the top, there is Switzerland. They are only paying a quarter of interest rates. The United Kingdom and the UAE, all of which pay less interest rates than the United States of America, which has one of the strongest economies and the most powerful in the world.

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The Federal Reserve is the US Central Bank, which sets monetary policies and supervises banks. It works independently, which means that it does not require the approval of the president or congress at the age of policies.

Trump has exaggerated his criticisms of a height in recent weeks, on the pretext that he had already had to reduce interest rates, describing him as “Numbskull” alongside the title of “very late”. At the last NATO summit in Canada, Trump said during a press conference that Powell is “terrible”, which is “a very medium mental person” who has “a decrease in the intelligence rate of what he is doing.”

Trump feeds the Powell chair for not lowering prices: “Average of my mental person”

Powell said earlier in June during the testimony to the House of Representatives Committee that he had resisted reduction rates to monitor whether the definitions would lead to inflation. Federal Reserve Bank Fixed fixed rates For its fourth consecutive meeting earlier in June, its next meeting is scheduled to be held in late July.

The president argued that Powell should reduce prices to “1 % or 2 %”, according to his interview with Fox News’ Maria Bartiomo on Sunday morning.

President Donald Trump has argued that Federal Reserve Chairman Jerome Powell should reduce interest rates to “1 % or 2 %”. (Saul Lub / AFP via / Getty Images)

Trump said on Sunday: “We have the head of the bad Federal Reserve, but otherwise … it does not even matter, the numbers are very good and it does not matter that he maintains the high rates artificially,” Trump said on Sunday.

Powell, who was appointed to the job by Trump during his first administration, will conclude as head of the Federal Reserve in 2026. Trump recently told the media that he was in the midst of a “three or four” examination to be behind Powell.

Levitte was asked on Monday about the reason that Trump shot Jerome Powell and put someone to reduce prices. “

Trump feeds the Powell chair for not lowering prices: “Average of my mental person”

The White House press secretary was asked on June 30, 2025, why not Trump “shoots Jerome Powell and puts in a person who reduces prices.” (Win McNamee / Getty Images)

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Levitte replied: “It is a good question and you can ask the president because this is a decision to take it.” “But you are right to refer to the politicization of the federal reserve. It is very unfortunate for our country.”

“But Jerome Powell reduced rates several times before the elections when Joe Biden was in this oval office,” she said. “But he now rejects when the economy is much better. Therefore, there is not really a good explanation for this. The president really draws attention to him.”

Eric Rafel from Fox News Digital contributed to this report.