Trump has repeatedly urged the Fed to cut interest rates, with sources saying he could potentially dismiss Powell

BlockBeats News, March 25th. Following the last Federal Reserve interest rate decision, U.S. President Trump has urged the Fed to cut rates multiple times. With growing concerns about Trump's trade agenda, Trump is eager for the Fed to accelerate rate cuts to ease economic pressure. In turn, the Fed is preparing for the price impact that Trump's tariffs could cause, delaying any rate cuts even in the face of economic weakness.

So far, Trump's anger toward the Fed has been relatively mild. Despite relentlessly criticizing the Fed since last Thursday's rate cut pause, he has not issued any direct threats.

Trump has taken aggressive actions to strengthen his control over the government and reshaped it according to his political desires. A source close to the White House said Trump may try to dismiss Powell. The source said, "I don't think Powell is going to go willingly. Trump might try to fire him, but I also think Powell is enough of a safe and impression-leaving person that he won't go willingly."

When asked whether the government believes it has the right to dismiss Federal Reserve officials (following the dismissal of two Federal Trade Commission commissioners) and whether Trump still plans to let Powell complete his term, the White House said there was no new statement. (Jinshi)