President Donald Trump called on the Federal Reserve board to “assume control” if Chair Jerome Powell does not lower interest rates, escalating his ongoing feud with the central bank’s head.

President Donald Trump is calling for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell.

U.S. President Donald Trump on Friday said Federal Reserve chair Jerome Powell should resign "just like" Fed Governer Adriana Kugler. Trump had earlier said he was firing U.S. Bureau of Labor Statistics Commissioner Erika McEntarfer and claimed that the jobs data from this morning was "rigged.