{"id":2469600,"date":"2025-08-01T11:33:02","date_gmt":"2025-08-01T15:33:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-calls-on-fed-board-to-assume-control-if-powell-refuses-to-lower-interest-rates-again-washington-examiner\/"},"modified":"2025-08-01T11:34:52","modified_gmt":"2025-08-01T15:34:52","slug":"trump-calls-on-fed-board-to-assume-control-if-powell-refuses-to-lower-interest-rates-again-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-calls-on-fed-board-to-assume-control-if-powell-refuses-to-lower-interest-rates-again-washington-examiner\/","title":{"rendered":"Trump calls on Fed board to assume control if Powell refuses to lower interest rates again &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">38<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-calls-on-fed-board-to-assume-control-if-powell-refuses-to-lower-interest-rates-again-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2469600&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Former President Donald Trump publicly criticized Federal Reserve Chairman Jerome Powell for his refusal to lower interest rates, urging the Federal Reserve&#8217;s board of governors to take control if Powell continues to resist. After previously showing some signs of friendliness, Trump renewed his verbal attacks following the Fed&#8217;s decision to keep rates steady at 4.25% to 4.50%. Trump described Powell as &#8220;too late,&#8221; &#8220;too angry,&#8221; &#8220;too stupid,&#8221; and &#8220;too political,&#8221; blaming him for harming the U.S. economy. He also hinted at increasing dissent within the Fed&#8217;s board, even though the board collectively decided to maintain the current rate. Experts note that the Fed chair cannot unilaterally set rates, as decisions are made by the Federal open Market Committee, which includes multiple governors. Despite Trump&#8217;s frustration and calls to lower rates, Powell has consistently held rates steady this year, arguing that the economy is doing well.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Trump calls on Fed board to assume control if Powell refuses to lower interest rates again<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2182059\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>President <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" target=\"_blank\" rel=\"noopener\" title=\"Donald Trump\">Donald Trump<\/a> called on the board of the Federal Reserve to take control from Chairman <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/jerome-powell\/\" target=\"_blank\" rel=\"noopener\" title=\"Jerome Powell\">Jerome Powell<\/a> if interest rates aren&rsquo;t lowered.<\/p>\n<p>After a <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3482724\/powell-trump-interest-rates-federal-reserve-decision\/\" target=\"_blank\" rel=\"noopener\" title=\"brief display of public friendliness\">brief display of public friendliness<\/a>, Trump resumed his rhetorical offensive against Powell on Wednesday after he announced that he wouldn&rsquo;t be <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fact-check-did-glenn-youngkin-call-covid-19-relief-unnecessary-in-a-may-12-interview\/\" title=\"FACT CHECK: Did Glenn Youngkin Call COVID-19 Relief \u2018Unnecessary\u2019 In A May 12 Interview?\">lowering interest rates<\/a>. On Friday morning, Trump suggested a new mechanism to get around Powell for the first time, urging the Fed&rsquo;s board of directors to assume control of the organization.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3488490\/biden-speech-trump-dark-days\/\">Joe Biden&nbsp;paints&nbsp;Trump administration&nbsp;as doom and gloom: &lsquo;Dark days&rsquo;<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3487751\/ice-arrests-150000-illegal-immigrants-since-january-trump-operation\/\">ICE arrests near 150,000 since January as Trump operation ramps up&nbsp;fast<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3488332\/trump-tariff-executive-order-aug-7-canada-rates-35\/\">Trump&#8217;s <a href=\"https:\/\/amzn.to\/3YuVZYV\" >latest tariff order enacts levies<\/a> on Aug. 7; Canadian rates increase to 35%<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>&ldquo;Jerome &lsquo;Too Late&rsquo; 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!&rdquo; the president said in a <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114953049546233760\" target=\"_blank\" rel=\"noopener\" title=\"post\">post<\/a> on Truth Social.<\/p>\n<p>He followed this up with a warning, hinting at internal dissent within the Fed.<\/p>\n<p>&ldquo;STRONG DISSENTS ON FED BOARD. IT WILL ONLY GET STRONGER! &lsquo;TOO LATE!&rsquo;&rdquo; Trump said.<\/p>\n<p>&ldquo;Too Little, Too Late. Jerome &lsquo;Too Late&rsquo; Powell is a disaster,&rdquo; he added later. &ldquo;DROP THE RATE! The good news is that Tariffs are bringing Billions of Dollars into the USA!&rdquo;<\/p>\n<p>The decision to lower, raise, or keep interest rates unchanged is made by a majority vote from a 12-person board called the Federal Open Market Committee. The FOMC, which includes the seven-member Fed Board of Governors, decides collectively what the course of interest rate policy should be.<\/p>\n<p>&ldquo;It&rsquo;s important to point out that a Fed chair is not a dictator &mdash; the Fed chair may or may not be able to deliver the committee on lower rates if that is something that nominee believes needs to happen,&rdquo; Dennis Lockhart, former president of the Federal Reserve Bank of Atlanta, <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3488052\/dont-expect-big-interest-rate-cuts-immediately-after-powell-is-replaced-at-fed\/\" target=\"_blank\" rel=\"noopener\" title=\"told\">told<\/a> the&nbsp;<em>Washington Examiner<\/em>.<\/p>\n<p>The dissent of two Fed Board of Governors, both Trump appointees, is insufficient to change monetary policy. Nevertheless, their dissent was noteworthy as constituting the first double dissent from the body <a href=\"https:\/\/www.nytimes.com\/2025\/08\/01\/business\/fed-dissent-interest-rate-trump-powell.html\" target=\"_blank\" rel=\"noopener\" title=\"since 1993\">since 1993<\/a>.<\/p>\n<p>Wednesday&rsquo;s decision to keep rates steady wasn&rsquo;t made unilaterally by Powell, but instead by all board members. Trump&rsquo;s call for the board to &ldquo;assume control&rdquo; is already true, as the board already has control. Unfortunately for the president, they exercised their control to keep <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/central-banks-raise-rates-again-as-fed-drives-global-inflation-fight\/\" title=\"Central banks raise rates again as Fed drives global inflation fight\">interest rates steady<\/a>.<\/p>\n<p>Trump&rsquo;s resumption of personal attacks against Powell appeared to stem from a feeling of personal betrayal over his continued refusal to lower interest rates. Last week, he voiced confidence that Powell would finally lower interest rates, as he demanded previously.<\/p>\n<p>Powell &ldquo;said to me very strongly, &lsquo;The country is doing well.&rsquo; He said, &lsquo;Congratulations, the country is doing really well,&rsquo;&rdquo; Trump told reporters at the White House last Friday. &ldquo;And I got that to mean that I think he&rsquo;s going to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/shaky-trump-powell-truce-could-break-next-week-with-fed-rate-decision-washington-examiner\/\" title=\"Shaky ...-... truce could break next week with Fed rate ... - Washington Examiner\">start recommending lower rates<\/a>.&rdquo;<\/p>\n<p>Instead, Powell bucked pressure from the White House for the fifth time this year, previously declining to lower rates in January, March, May, and June. The Fed chairman kept interest rates steady on Wednesday at 4.25% to 4.50%, despite Trump&rsquo;s insistence that doing so would harm the economy. The president&rsquo;s reaction wasn&rsquo;t long in coming.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3487268\/trump-unloads-on-jerome-powell-federal-reserve-interest-rates\/\" target=\"_blank\" rel=\"noopener\" title=\"TRUMP UNLOADS ON POWELL AFTER FED DECISION TO KEEP INTEREST RATES STEADY: &lsquo;TOO ANGRY, TOO STUPID&rsquo;\">TRUMP UNLOADS ON POWELL AFTER FED DECISION TO KEEP INTEREST RATES STEADY: &lsquo;TOO ANGRY, TOO STUPID&rsquo;<\/a><\/strong><\/p>\n<p>&ldquo;Jerome &lsquo;Too Late&rsquo; Powell has done it again!!!&rdquo; the president said in a Wednesday Truth Social post. &ldquo;He is costing our Country TRILLIONS OF DOLLARS. &hellip; Put another way, &lsquo;Too Late&rsquo; is a TOTAL LOSER, and our Country is paying the price!&rdquo;<\/p>\n<p>Trump tacked the decision down to Powell being &ldquo;TOO ANGRY, TOO STUPID, &amp; TOO POLITICAL.&rdquo;<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_2182059\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2182059\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump urges Fed board to take control if Powell won&#8217;t cut rates<\/p>\n","protected":false},"author":2653,"featured_media":2469601,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/05\/AP24110532555810.jpg.optimal.jpg","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[32663,33477,34342,3634,32076],"class_list":["post-2469600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-federal-reserve","tag-interest-rates","tag-jerome-powell","tag-trump","tag-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/05\/AP24110532555810.jpg.optimal.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2469600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2653"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2469600"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2469600\/revisions"}],"predecessor-version":[{"id":2469604,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2469600\/revisions\/2469604"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2469601"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2469600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2469600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2469600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}