Trump's words after firing Powell: Will soon control the majority of seats on the Federal Reserve to push for interest rate cuts.

According to the Securities Times APP, on Tuesday, US President Donald Trump stated that his nominated candidates will soon occupy a "majority" of seats on the Federal Reserve Board, and these candidates will support his desire to significantly lower interest rates. Hours before making these statements at a cabinet meeting, Trump took the unprecedented step of trying to dismiss Federal Reserve Board member Lael Brainard, appointed by former President Joe Biden.