Federal Reserve under pressure from Trump, potential interest rate reduction imminent, escalating tensions

The Federal Reserve, the central banking system of the United States, is set to meet again in two weeks, and the upcoming gathering is significant due to potential interest rate changes.

President Donald Trump has been publicly criticizing Fed Chair Jerome Powell, referring to him as "too late Powell," and pushing for major change at the Federal Reserve. The tensions between the President and the Fed Chair are rising, with the future of Powell potentially influenced by Trump's pressure on the Federal Reserve.

Interest rates are expected to be lowered by the Federal Reserve, a move that is a subject of concern for Fed Chair Powell. The potential interest rate cut is not guaranteed to save Powell from Trump's criticism, as the President has been vocal about his desire for a more accommodative monetary policy.

The Federal Reserve Board, which consists of seven members, may see a change in its composition. One member may be replaced, and if this happens, President Trump would have favour among at least four members of the Federal Reserve Board. However, the potential new member favoured by Trump has not been identified in the provided search results.

The potential new member's stance on monetary policy and the economy could have a significant impact on the Federal Reserve's decisions moving forward. It remains to be seen whether Trump's push for change will lead to the appointment of a more accommodative member, or if the current Fed Chair will be able to hold onto his position.

In the meantime, the Federal Reserve is set to make a decision on interest rates in two weeks' time. The outcome of this meeting could have far-reaching implications for the U.S. economy and financial markets. Stay tuned for updates on this developing story.