President Trump erupted on social media after the Federal Reserve held interest rates steady this week. The president called on the board to “assume control” and lower interest rates on the same day a Biden-appointed Fed governor announced her resignation.

Analysts see signs of a shift toward easing—possibly beginning in September—but with no guarantees offered after this week's meeting.

President Donald Trump attacked Federal Reserve Chair Jerome Powell on Truth Social, urging the Fed's Board to assume control if Powell refuses demanding immediate interest rate cuts.