On Friday, Trump once again urged Powell: it is necessary to &#34;significantly&#34; lower interest rates now. If rates are not cut, the Federal Reserve Board should &#34;take over&#34; and take actions that everyone knows must be taken.
Despite Trump recently personally urging a rate cut, Powell remains unmoved. This Wednesday, the Federal Reserve decided to keep interest rates unchanged for the fifth consecutive time, with Powell stating that it is too early to consider a rate cut in September, emphasizing the uncertainties of tariffs and inflation, and that the job market has not weakened.
Updating

- On Friday, Trump urged Powell to significantly lower interest rates, suggesting that if not done, the Federal Reserve Board should take necessary actions.  
- Despite Trump's pressure, Powell remained firm, with the Fed deciding to keep rates unchanged for the fifth consecutive time, citing uncertainties in tariffs and inflation.  
- The discussion around the "shadow chairman" of the Fed resurfaced, with Waller, a strong candidate for the next Fed chair, opposing the current stance during the recent FOMC meeting.

Trump: If interest rates are not lowered, the Federal Reserve Board should "take over management"