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Monday, March 16, 2026

‘Call This Idiot’: Trump Ordered Cabinet Secretary To Pressure Fed Chair To Cut Rates

In his new book, one-time Trump cabinet member Wilbur Ross claims the then-president threatened to remove Powell as Fed chairman if he kept raising rates, a policy that not only affected everyday Americans but hurt Trump’s personal finances. By Kyle Khan-Mullins, Forbes Staff In 2018, Donald Trump was …

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