Trump criticizes Fed chair Powell for keeping rates "artificially high," sending him a chart comparing global rates and claiming the U.S. is losing billions.

On June 30, President Donald Trump issued a handwritten note to Fed Chair Jerome Powell as shared on Truth Social. The note said “too late” Powell and his entire Board should be ashamed of themselves. He added, "We should be paying 1% Interest, or better!" This is a developing story.

President Donald Trump remains displeased by the Fed's decision to hold interest rates steady.