Trump Advisor: Fed Board Should Consider Overruling Powell

According to a CBS report, White House trade advisor Navarro said that the Federal Reserve Board should consider overturning Chairman Powell's opinion and lowering interest rates. Navarro said, "My suggestion is that at the committee meeting on July 29-30, if Powell continues to refuse to cut interest rates when the data shows that interest rates should be cut, then the other members of the board should vote on what should be done, which is to cut interest rates." [Odaily Planet Daily]