Politics10/1/2026•Bloomberg
Can Trump Oust Powell From the Fed Board? What to Know
Since the start of his second term, President Donald Trump has waged a fierce campaign to impose his will on the Federal Reserve, breaking with the modern convention of walling off the US central bank from political interference, at least publicly. Trump has sought to pressure the bank to cut interest rates and verbally attacked then-Fed chair Jerome Powell. He also has attempted to push a Fed governor, Lisa Cook, from her job, over unproven allegations of mortgage fraud.
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