Trump hopes to get lower rates by replacing Fed Chair Jerome Powell with someone who would do what the president wants. But Powell’s term as chair does not end until May 2026. He’s insisted he won’t resign early.

President Donald Trump vented his frustration with Jerome Powell once again on Wednesday, accusing the Federal Reserve chair of costing the U.S. $360B a year in refinancing costs. "Our Fed Rate is AT LEAST 3 Points too high,

The minutes reveal more closely the behind closed doors thinking between the U.S.’ top policymakers with the Fed under barrage from the White House.