Trump has repeatedly urged the Fed to cut interest rates, and sources say he could dismiss Powell

On March 25th, after the most recent Federal Reserve interest rate decision, U.S. President Trump has been persistently urging the Fed to lower interest rates. As worries about Trump's trade agenda grow, Trump is eager for the Fed to expedite rate cuts in order to alleviate economic pressure. Conversely, the Fed is making preparations for price shocks that Trump's tariffs might bring about and is delaying any rate cuts even in the face of economic weakness. Up to now, Trump's anger towards the Fed has been relatively moderate. Although he has been continuously criticizing the Fed since last Thursday's halt in rate cuts, he has not issued any direct threats yet. Trump has taken aggressive actions to strengthen his control over the government and reshape it in accordance with his political aspirations. A source close to the White House stated that Trump might try to remove Powell. The source said, "I don't think Powell would leave voluntarily. Trump might attempt to fire him, but I also think Powell is reassuring enough and leaves a deep impression that he will not leave on his own." When asked whether the government believes it has the right to dismiss Federal Reserve officials (after firing two Federal Trade Commissioners) and whether Trump still plans to allow Powell to complete his term, the White House indicated that there were no new statements. (Jinshi)