Trump says he’ll have a majority at the Fed that will help him push rates lower

While it is still not certain whether the president is Donald TrumpThe Federal Reserve Governor Lisa Cook, who is preparing for the legal challenge, will succeed, and will give him her potential departure another opportunity to install a more compatible candidate with his cash priorities.

the Federal Reserve The Board of Governors, known as the Federal Reserve, consists of seven members, or rulers, nominated by the president and confirmed by the Senate.

Trump says he is “always” ready for legal fighting as the Federal Reserve Governor’s lawsuit was overthrown

If Trump Cook replaced, he would have called the majority of federal reserve rulers, which enhances its impact on the committee that directs our monetary policy.

The former president Joe Biden Philip Jefferson, Michael Bar Wokek was appointed to the Federal Reserve in 2022. Trump Michel Bowman’s choices include in 2018, Christopher Waller in 2020 and Stephen Miran in 2025.

Former President Barack Obama nominated Jerome Powell To the Federal Reserve in 2012, Trump nominated Powell for his current role as head of the Federal Reserve in 2017, and Biden reintered Powell in 2022.

Trump’s alternative to Fed seat; She is still looking for permanent appointment

When asked about the replacement of Cook, Trump told the White House correspondents on Tuesday that he had some “very good people for this position.”

“We will have a majority very soon,” Trump said. “So it will be great.”

Tensions between Trump and Federal Reserve have intensified monetary policy in recent months. Trump has directly blamed the Chairman of the Board of Directors, Jerome Powell, for not reducing the rate of target federal funds, which he says can save the nation “hundreds of billions of dollars.”

President Donald Trump speaks to the Federal Reserve Chairman Jerome Powell during a Federal Reserve tour in Washington, DC, Thursday, July 24, 2025. (Daniel Torok’s official White House image)

Meanwhile, Powell maintained the goal of the main borrowing rate of the central bank in the range of 4.25 % to 4.5 %, while maintaining the waiting and waiting approach and officials assessing the economic effects of Trump’s definitions.

A look at the battle that reveals between Trump and Powell on the federal reserve policy

Cook’s rise was a historical history first, as she became the first black woman working as a ruler in the Federal Reserve. Now, it can distinguish its potential removal of the same role in another historical way.

As, Trump says Cook was launched, effectively. But Cook and her lawyer, Abe Lille, argue that Trump has no legal authority to remove. Its mandate continues on the Federal Reserve until January 2038.

Jerome Powell, Federal Reserve Chairman Jerome Powell in Lisa Cook as a member of the Board of Directors of the Federal Reserve in May 2022. (American Federal Reserve)

The Federal Reserve acknowledged the possible legal procedure for Cook and said in a statement on Tuesday that the US Central Bank “will” adhere to any decision of the court.

Click here to get the Fox News app

“Lisa Cook, through her personal lawyer, indicated that she will challenge this procedure immediately in court and seek to make a judicial decision that would confirm her ability to continue to fulfill her responsibilities as a confirmed member of the Senate in the Council of the Federal Reserve Governors.”