Karoline Leavitt unleashed one brutal message that left Jerome Powell shell-shocked
Federal Reserve Chairman Jerome Powell thought he could ignore President Trump.
But Powell just got a wake-up call he never saw coming.
And Karoline Leavitt unleashed one brutal message that left Jerome Powell shell-shocked.
Leavitt brings the receipts with Trump’s handwritten note
White House Press Secretary Karoline Leavitt walked into the press briefing armed with more than just talking points.
She brought a handwritten note from President Donald Trump that would make Jerome Powell’s day a whole lot worse.
Standing at the podium, Leavitt held up a paper chart showing interest rates from countries around the world, but it was what was scrawled across the top that delivered the real punch.
"Interest rates are still too high," Leavitt declared.¹
The chart showed countries with weaker economies than the United States have lower interest rates.
"Switzerland is only paying a quarter for interest rates," Leavitt pointed out, letting that sink in for a moment.¹
"Cambodia, Japan, Thailand, Botswana, Bulgaria, Cuba, Cabo Verde, Libya and many others are all paying lower interest rates than the United States, which has one of the hottest and strongest economies in the world."¹
That’s when Leavitt brought out the note.
She read aloud President Trump’s handwritten message that was scrawled right across the interest rate chart: "Jerome, you are as usual ‘too late.’ You have cost the U.S. a fortune and continue to do so. You should lower the rate by a lot. Hundreds of billions of dollars are being lost, and there is no inflation."¹
Prices may not have been going up, but they are a long way from returning to pre-Biden levels.
The economy is improving but more debt could send things backwards
Inflation dropped to just 2.35% in May, well below America’s long-term average of 3.28%.¹
May’s unemployment numbers beat economists’ expectations for the third month running.¹
The Dow Jones briefly hit 44,000 on Monday – the first time since Trump’s November victory.¹
But here’s what makes Trump’s criticism so devastating – it’s savers and fixed income Americans who get screws tightened on them by loose monetary and fiscal policy and are forced to become borrowers.
Powell’s keeping rates high while other countries with weaker economies are cutting theirs.
The Federal Reserve has recently kept what they call a "cautious approach" on rates, but Trump sees this as unnecessary delays that hurt America’s economy.¹
"Hundreds of billions of dollars are being lost," he wrote.¹
Every day Powell keeps rates artificially high is another day that indebted overleveraged politicians, businesses, and consumers have to at least think about their reckless spending.
Debt addiction is costing America
The ongoing conflict between President Trump and Powell isn’t just some Washington, D.C. power struggle.
This is about real money affecting real Americans who are trying to buy homes, start businesses, and build wealth.
President Trump has frequently voiced his dissatisfaction with Powell’s approach, and Monday’s handwritten note shows he’s not backing down.
A recent Supreme Court decision confirmed that Powell has legal protections preventing Trump from firing him.¹
But that doesn’t mean Trump can’t make Powell squirm with public criticism like Monday’s brutal note.
Polling shows voters trust Trump over Democrats on the economy by significant margins.¹
One recent poll gave Trump a 6-point edge on inflation and an 8-point advantage on broader economic issues.¹
The Federal Reserve has never done anything but help the crony class while harming regular Americans.
Pushing to turn on the money printing spigots will lead to short-term economic growth, but engines that rev too high for too long always blow up.
And it’s never the forgotten man who gets bailed out.
Trump’s message hits the mark for a nation addicted to debt
That handwritten note was a direct challenge to Powell.
Markets are rallying on Trump’s policies, with growing confidence as trade tensions ease and Middle East conflicts have limited impact on energy costs.¹
But imagine how much different things could be if Powell slashed rates.
As markets continue to show strength and the Trump administration pushes for further growth, Powell’s resistance to rate cuts will face growing pressure.
The American people elected Donald Trump to get the economy moving again, not to enslave us further in debt.
https://x.com/VigilantFox/status/1939748914976235790“>https://x.com/VigilantFox/status/1939748914976235790
Sources: ¹LifeZette News Staff, "Leavitt Brings the Receipts, Handwritten Trump Note to Blast Fed Chair Jerome Powell," LifeZette, July 1, 2025.
