President Donald Trump called on the board of the Federal Reserve to take control from Chairman Jerome Powell if interest rates aren’t lowered.
After a brief display of public friendliness, Trump resumed his rhetorical offensive against Powell on Wednesday after he announced that he wouldn’t be lowering interest rates. On Friday morning, Trump suggested a new mechanism to get around Powell for the first time, urging the Fed’s board of directors to assume control of the organization.
“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 said in a post on Truth Social.
He followed this up with a warning, hinting
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