President Donald Trump wrote a note to Federal Reserve Chair Jerome Powell, once again urging him to cut interest rates. The U.S. economy is "booming" with inflation "completely diminished," White House press secretary Karoline Leavitt said on Monday.

President Trump detailed to Jerome Powell where he thinks interest rates should be set in a handwritten note escalating pressure on the Fed chairman.

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.