Trump has repeatedly urged the Federal Reserve to cut interest rates, and sources say it could fire Powell

On March 25th, after the last Federal Reserve interest rate decision, US 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 the pace of interest rate cuts to ease economic pressure. In turn, the Federal Reserve is preparing for a possible price shock caused by Trump's tariffs, which will delay any interest rate cuts, even if the economy weakens. So far, Trump's irritation with the Federal Reserve has been moderate. Although he has been attacking the Federal Reserve after it suspended interest rate cuts last Thursday, he has not issued a direct threat. 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 said it was possible that Trump would try to fire Powell.
"I don't think Powell will leave voluntarily and Trump may try to fire him, but I also think Powell is safe enough and impressive enough that he won't leave voluntarily," the source said. Asked if the administration believed it had the authority to fire Fed officials (after firing two FTC commissioners) and whether Trump still planned to let Powell finish his term, the White House said there were no new statements.