President Donald Trump said Tuesday he will soon have a "majority" of his own nominees on the Federal Reserve board of governors who will back his desire to slash interest rates .

Trump's comment at a Cabinet meeting came hours after he took the unprecedented step of moving to fire central bank Governor Lisa Cook , an appointee of former President Joe Biden , from the board.

Trump has already appointed two of the Fed board's seven governors, and he is poised to pick another to replace Adriana Kugler , who announced her retirement earlier this summer.

Trump has selected Stephen Miran , one of his top economic advisors, to serve out the rest of Kugler's term, which ends Jan. 31, 2026.

"We'll have a majority very shortly," Trump said Tuesday afternoon. "So that'll be grea

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