Tue Jul 01 14:00:00 UTC 2025: **FOR IMMEDIATE RELEASE**
**Trump Blasts Fed Chair Powell with Sharpie-Scrawled Rebuke, Demands Interest Rate Cut**
WASHINGTON, D.C. – Former President Donald Trump escalated his ongoing criticism of Federal Reserve Chair Jerome Powell on Monday, resorting to a signature Sharpie-scrawled message demanding a drastic reduction in interest rates. Trump, currently vying for the Republican presidential nomination, accused Powell of being “too late” and costing the U.S. “a fortune” by maintaining interest rates at 4.5%, a figure he deemed unacceptably high compared to other nations.
Trump printed out a list of international interest rates, highlighting Switzerland’s 0.25% rate and scrawling “Should be here” with an arrow pointing towards the top. His message to Powell, written in characteristic block letters, read, “Jerome ― You are, as usual, “too late.” You have cost the USA a fortune ― and continue to do so ― you should lower the rate ― by a lot! Hundreds of billions of dollars being lost! No inflation!”
White House press secretary Karoline Leavitt displayed the note during a briefing. Trump further amplified his message on Truth Social, calling on Powell and the Fed board to be “ashamed of themselves” and advocating for a 1% interest rate.
Trump has previously threatened to replace Powell, a power the president does not currently have. However, reports indicate he is exploring options to name Powell’s replacement this summer, potentially creating a “shadow chair.”
The Sharpie-scrawled note has drawn criticism, with some analysts questioning its appropriateness.
First Piper 