The David Greene Show Mortgage Monday - Trump's Note to Powell | Episode 71
5 snips
Jul 7, 2025 In this discussion, Christian Boucher, a finance expert from The One Brokerage, joins David to dive into the sizzling feud between President Trump and Fed Chair Jerome Powell over interest rates. They explore Trump's handwritten note to Powell, revealing how personal communications can carry significant weight in financial politics. The conversation also highlights the economic implications of shifting rates amidst a recovering job market and inflation, while offering insights into stabilizing the housing market. It's a blend of humor and finance that keeps listeners engaged!
AI Snips
Chapters
Transcript
Episode notes
Trump's Note to Powell
- Trump wrote a handwritten note to Jerome Powell demanding lower rates, calling him 'too late'.
- The note mimicked a high school style, humorously likened to a junior high crush note.
Christian Boucher's Note Memories
- Christian Boucher jokes about sending handwritten notes in high school to ask girls out.
- This high school experience humorously parallels Trump's approach to Powell via notes.
Fed's Cautious Rate Stance
- Jerome Powell resists rate cuts because tariff impacts on inflation are still uncertain.
- Fed prefers caution despite low unemployment and decreasing inflation historically favoring rate drops.