Trump has repeatedly urged the Federal Reserve to cut interest rates, and sources say he may attempt to fire Powell

ChainCatcher news, according to Jinshi reports, after the last Federal Reserve interest rate decision, President Trump has repeatedly urged the Federal Reserve to cut interest rates. As concerns about Trump's trade agenda deepen, Trump is eager for the Federal Reserve to accelerate its rate cuts to alleviate economic pressure. In turn, the Federal Reserve is preparing for the price shocks that Trump's tariffs may trigger, which will delay any rate cuts even if the economy weakens.

So far, Trump's anger towards the Federal Reserve has been relatively mild. Although he has been criticizing the Federal Reserve since it paused rate cuts last Thursday, he has not issued any direct threats.

Trump has taken aggressive measures to strengthen his control over the government and reshape it according to his political will. A source close to the White House indicated that Trump may attempt to fire Powell. The source said, "I don't think Powell will leave voluntarily; Trump may try to fire him, but I also believe Powell is secure enough and impressive enough that he won't leave voluntarily."

When asked whether the government believes it has the authority to fire Federal Reserve officials (after firing two Federal Trade Commission commissioners) and whether Trump still plans to let Powell complete his term, the White House stated that there was no new statement.