Politics8/20/2025•Bloomberg

Trump Escalates Pressure Campaign on Fed, Calls for Cook to Quit

Trump Escalates Pressure Campaign on Fed, Calls for Cook to Quit

The article discusses President Trump's continued criticism of the Federal Reserve and its chairman, Jerome Powell. Trump has repeatedly called for the Fed to lower interest rates and accused the central bank of undermining the U.S. economy. In the latest development, Trump has now criticized Apple CEO Tim Cook for not manufacturing the company's products in the U.S. and called for Cook to resign from the Fed's board of directors. The article suggests that Trump's attacks on the Fed and its leadership are part of a broader pressure campaign to influence the central bank's policies. The president has expressed concern about the impact of interest rate hikes on the economy, particularly as he seeks re-election in 2020. The article also notes that Trump's comments on Apple and Cook's position on the Fed's board are seen as a continuation of his efforts to shape the central bank's decision-making process.

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