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Donald Trump vs Jerome Powell: US President urges Fed board to overrule Powell on rates; calls him ‘stubborn’ as dissent grows

IndiaTimes Friday, 1 August 2025
Donald Trump has urged the Federal Reserve's board to take control of monetary policy from Jerome Powell, criticizing Powell's 'stubborn' stance on interest rates. Trump advocates for substantial rate cuts to stimulate growth, citing weak job creation figures and internal dissents within the Fed. Economists caution that such aggressive cuts could risk higher inflation, while Powell defends the Fed's approach.
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News video: President Donald Trump holds meeting with UK PM Keir Starmer in Scotland

President Donald Trump holds meeting with UK PM Keir Starmer in Scotland

 British Prime Minister Keir Starmer meets U.S. President Donald Trump at a golf property owned by the president’s family near Turnberry in southwestern Scotland.

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