As the minutes of the Federal Reserve’s June meeting were released on Wednesday, the word “uncertainty” reigned supreme amid the ongoing tariff turmoil and President Donald Trump‘s call to cut rates by 3 percentage points.

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.

As Trump Calls For 3-Percentage Point Rate Cut, 'Too Late' Jerome Powell To Resign, June Fed Minutes Show 'Uncertainty' Reigns Supreme

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.

US president ramps up criticism of Fed chair as he is reportedly considering White House economic adviser Kevin Hassett as replacement - Anadolu Ajansı

President Donald Trump’s attacks on Federal Reserve Chair Jerome Powell are so commonplace at this point that they barely register in financial markets these days. The rapidly intensifying multi-pronged efforts by Trump’s advisers to amplify and expand on Trump’s attacks are a good reason to rethink that indifference.

President Donald Trump’s pressure campaign against the Federal Reserve and Chair Jerome Powell to lower interest rates entered a new front this week