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"Call This Moron": Donald Trump Ordered the Secretary of State to Put Pressure on the Fed President to Lower the Rates

Summary by Forbes France
In his new book, Wilbur Ross, a former member of Donald Trump's cabinet, claims that the US president threatened to remove Jerome Powell from his Fed presidency if he continued to raise interest rates, a policy that not only affected the average Americans, but also affected Donald Trump's personal finances.
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In his new book, Wilbur Ross, a former member of Donald Trump's cabinet, claims that the US president threatened to remove Jerome Powell from his Fed presidency if he continued to raise interest rates, a policy that not only affected the average Americans, but also affected Donald Trump's personal finances.

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Forbes France broke the news in on Tuesday, January 13, 2026.
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