Trump Urges Federal Reserve Board Takeover
President Donald Trump criticized Federal Reserve Chair Jerome Powell on Friday, suggesting the Federal Reserve board should intervene if Powell does not lower interest rates. Trump labeled Powell as stubborn and insisted that interest rates must be reduced significantly for necessary economic actions.
Devdiscourse News Desk | Washington DC | Updated: 01-08-2025 16:09 IST | Created: 01-08-2025 16:09 IST
- Country:
- United States
In a stark rebuke, U.S. President Donald Trump called for the Federal Reserve board to potentially take over control of monetary policy if Chair Jerome Powell persists in his reluctance to cut interest rates.
Trump did not mince words, referring to Powell as a 'stubborn MORON' and criticized his perceived delay in lowering interest rates.
The President's comments underscore his ongoing dissatisfaction with the Federal Reserve's current monetary policy, which he believes needs swift adjustments for economic stability.
(With inputs from agencies.)
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