<h1>Federal Reserve oversight: President urges board to assume control from chair, citing need for rate cuts and accountability</h1> President Donald Trump urged the Federal Reserve board to assume control from Chair Jerome Powell, arguing Powell resisted needed short-term rate cuts after dissents from two governors and weak jobs data. The call coincides with an inquiry into whether Powell could be removed for cause over Fed renovation cost overruns, following a judicial indication limiting removal for policy disagreements and ahead of the end of Powell's term.