WASHINGTON (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 […]
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White House says Trump wrote Powell to urge lower rates
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WASHINGTON (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.
(Reporting by Andrea Shalal and Steve Holland; Editing by Chris Reese)