Trump's Power Struggle with the Federal Reserve Intensifies

In a dramatic escalation, President Donald Trump on Friday demanded that the Federal Reserve board wrest control from Jerome Powell, critiquing the central bank chief for not reducing short-term interest rates.

Trump utilized his Truth Social platform to label Powell as 'stubborn,' as their confrontation over economic policy intensifies. Despite branding the U.S. economy as thriving, Trump insists rate cuts would further elevate growth.

As Powell holds the benchmark rate while assessing tariff impacts, Trump argues for substantial cuts. With a slowing job market and economic uncertainty looming, the battle for Fed control marks a pivotal moment in Trump's presidency.

(With inputs from agencies.)