President Says Fed Is Hostile and Signals Plan to Remove Governor

The president called the Federal Reserve hostile during an interview and said a person under consideration for a top post has to do what he has to do on interest rates. The comments came as the president also said he continues to plan to remove Fed governor Lisa Cook from the central bank’s board.

Background on the Remarks MarketWatch reported the statements in coverage of the interview. The outlet quoted the president directly on both the tone toward the Fed and the planned removal of the governor. No other details on timing or next steps were provided in the coverage.

Investors have watched statements from the president for any signals on monetary policy direction. The interview remarks add to earlier public comments about the central bank’s leadership and policy stance. No immediate market reaction figures were included in the reporting.