Federal Reserve Chair Jerome Powell just found himself on the receiving end of a political earthquake—and it came courtesy of President Donald Trump and White House Press Secretary Karoline Leavitt.
For months, Powell has stood firm against pressure to slash interest rates. But Trump, who’s riding high after his election win, clearly isn’t having it. And on Monday, the White House delivered a message so sharp it left Powell, and plenty of financial observers, stunned.
Karoline Leavitt didn’t merely step up to the podium with briefing notes. She stepped up with ammunition.
At a recent press briefing, Leavitt brandished a chart comparing interest rates worldwide. But that wasn’t the real bombshell. The true thunderbolt was the message scrawled across the top—a message from the man who might soon occupy the Oval Office again.
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