Trump Urges Fed for Lower Interest Rates

U.S. President Donald Trump has urged Federal Reserve Chair Jerome Powell to lower interest rates. Trump's handwritten notes, displayed by White House press secretary Karoline Leavitt, demonstrate his belief that rates should drop to about 1%, aligning with other countries' rates.

In an unusual move, U.S. President Donald Trump has made a direct appeal to Federal Reserve Chair Jerome Powell, urging him to consider lowering interest rates. This appeal was revealed by White House press secretary Karoline Leavitt during a briefing on Monday.

Leavitt presented a copy of Trump's handwritten notes that included interest rate comparisons from over two dozen countries, reinforcing Trump's stance that U.S. rates should be lowered to approximately 1%.

The president's appeal is based on his belief that such a reduction would align the U.S. more closely with international monetary trends, potentially invigorating the domestic economy.

(With inputs from agencies.)