logo
White House says Trump sent a letter to Powell urging him to cut interest rates

White House says Trump sent a letter to Powell urging him to cut interest rates

LBCI2 days ago
White House Press Secretary Karoline Leavitt said Monday that U.S. President Donald Trump sent a letter to Federal Reserve Chair Jerome Powell urging him to cut interest rates.
During a press briefing, Leavitt displayed a handwritten note from Trump to Powell on a sheet listing borrowing costs in more than 20 countries. She said Trump believes interest rates should be lowered to around one percent.
Reuters
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Israel says it is serious about reaching a ceasefire, cites positive signs
Israel says it is serious about reaching a ceasefire, cites positive signs

LBCI

time2 hours ago

  • LBCI

Israel says it is serious about reaching a ceasefire, cites positive signs

Israeli Foreign Minister Gideon Saar said on Wednesday that his country was serious about reaching a deal with Hamas to end the war in Gaza and return the hostages held there to Israel. U.S. President Donald Trump said on Tuesday that Israel had accepted the conditions needed to finalize a 60-day ceasefire with Hamas after what he called a "long and productive" meeting of his representatives with Israeli officials. At a press conference in the Estonian capital Tallinn, Saar said: "We are serious in our will to reach a hostage deal and a ceasefire. We said yes to (U.S.) special envoy (Steve) Witkoff's proposals." "There are some positive signs. I don't want to say more than that right now. But our goal is to begin proximity talks as soon as possible," said Saar, who spoke after holding talks with Estonia's Foreign Minister Margus Tsahkna. "But it must be clear: Hamas is not only responsible for initiating this war on October 7 (2023). It is also responsible for its continuation. Pressure must be applied on Hamas. The international community must now back the American initiatives. It must shatter any illusions that Hamas may have," he said. In a statement on Wednesday, Hamas said it was studying new ceasefire offers it received from mediators Egypt and Qatar but stressed it aimed to reach an agreement that would ensure an end to the war and an Israeli pullout from Gaza. Reuters

Hamas says it is reviewing Gaza ceasefire proposals from mediators
Hamas says it is reviewing Gaza ceasefire proposals from mediators

LBCI

time2 hours ago

  • LBCI

Hamas says it is reviewing Gaza ceasefire proposals from mediators

Hamas stated Wednesday it was discussing proposals from mediators for a ceasefire with Israel in Gaza, after U.S. President Donald Trump said Israel had agreed to a 60-day truce. In a statement, Hamas said it was "conducting national consultations to discuss what we received from the proposals of the mediators." It said it sought "to reach an agreement that guarantees ending the aggression, achieving the withdrawal (of Israel from Gaza) and urgently aiding our people in the Gaza Strip." AFP

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store