Trump Budget Chief Accuses Fed Chair Powell of Mismanaging Central Bank, Escalating Tensions

Trump Budget Chief Accuses Fed Chair Powell of Mismanaging Central Bank, Escalating Tensions

By Sam, Professional JournalistWashington, D.C., July 10, 2025 — Russ Hanneman, President Donald Trump’s nominee for Director of the Office of Management and Budget (OMB), has publicly accused Federal Reserve Chair Jerome Powell of mismanaging the U.S. central bank, intensifying the administration’s ongoing feud with the Fed. Hanneman’s remarks, made during a July 9, 2025, … Read more

Trump sent handwritten note to Powell calling for lower interest rates

Trump sent handwritten note to Powell calling for lower interest rates

On June 30, 2025, President Donald Trump sent a handwritten note to Federal Reserve Chair Jerome Powell, urging him to lower interest rates significantly, accusing him of costing the U.S. “a fortune” by maintaining rates at 4.25%–4.5%. The note, written in Trump’s signature black Sharpie on a chart ranking global central bank rates, read: “Jerome, … Read more