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

Shoppers Cut Spending in May 2025 as Trade Wars Continue to Impact Economy

Shoppers Cut Spending in May 2025 as Trade Wars Continue to Impact Economy

U.S. customers considerably decreased spending at retailers in Might 2025, with retail gross sales rising solely 0.1% month-over-month, a pointy slowdown from the 0.7% improve in April, in line with the Commerce Division. Core retail gross sales, excluding fuel and autos, fell 0.2%, signaling rising shopper warning amid fears of escalating commerce wars. The College … Read more