Back to today’s briefing

Story perspectives

Trump Pressures Fed to Lower Rates Amid $9 Trillion Debt

6/30/2025

25 4

Summary

Story summary

President Trump urged the Federal Reserve to lower interest rates to address $9 trillion in debt due this year.
He proposed refinancing the debt short-term and hinted at potential replacements for Powell, including Treasury Secretary Scott Bessent.
Morgan Stanley economists forecast no rate changes in upcoming Fed meetings, citing stable economic data and a cautious approach.

1 of 1

Story summary

President Trump urged the Federal Reserve to lower interest rates to address $9 trillion in debt due this year.
He proposed refinancing the debt short-term and hinted at potential replacements for Powell, including Treasury Secretary Scott Bessent.
Morgan Stanley economists forecast no rate changes in upcoming Fed meetings, citing stable economic data and a cautious approach.