U.S. President Donald Trump gestures during a cabinet meeting at the White House in Washington, D.C., U.S., August 26, 2025.
Jonathan Ernst | Reuters
President Donald Trump said Tuesday he will soon have a “majority” of his own nominees on the Federal Reserve board of governors who will back his desire to slash interest rates.
Trump’s comment at a Cabinet meeting came hours after he took the unprecedented step of moving to fire central bank Governor Lisa Cook, an appointee of former President Joe Biden, from the seven-seat board.
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