Trump says he’ll have a Fed ‘majority’ soon to push rates lower after firing Cook
US President Donald Trump is moving at a cabinet meeting in the White House in Washington, Washington on August 26, 2025.
Jonathan Ernst | Reuters
President Donald Trump said on Tuesday that the Federal Reserve Board of Directors, which will support the desire to reduce interest rates, will have the “majority” of its candidates.
Trump’s interpretation at a cabinet meeting came hours later after taking an unprecedented step of moving to Fire Central Bank Governor Lisa Cook, the appointment of former President Joe Biden.
Trump has already appointed two of the seven governors of the FED board of directors and is preparing to appoint another appointment instead of Adriana Kugler, who announced that he would resign in early this summer.
“We will have the majority in a very short time, T said Tuesday afternoon. “So this will be great.”
“Once we have the majority, the housing will shake and this will be great,” he said. “People pay a very high interest rate. This is the only problem for us. We have to reduce the rates a little.”
In a letter published on Monday night, Trump said he fired Cook to allegations about mortgages on an investigation initiated by the Ministry of Justice.
On Tuesday morning, the lawyer said he would sue Cook to prevent his duty.
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