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Assume control' if rates not cut: Trump urges Fed board
Financial Express Lucknow
|August 02, 2025
President Donald Trump called on the Federal Reserve board to "assume control" if Chair Jerome Powell does not lower interest rates, escalating his ongoing feud with the central bank's head.
PRESIDENT DONALD TRUMP called on the Federal Reserve board to "assume control" if Chair Jerome Powell does not lower interest rates, escalating his ongoing feud with the central bank's head.
"Jerome 'Too Late' Powell, a stubborn MORON, must substantially lower interest rates, NOW. IF HE CONTINUES TO REFUSE, THE BOARD SHOULD ASSUME CONTROL, AND DO WHAT EVERYONE KNOWS HAS TO BE DONE!," the president wrote on social media Friday.
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