While speaking at the World Economic Forum at Davos on Jan. 23rd, president Donald Trump announced plans to force the Federal Reserve into cutting interest rates without delay, escalating what will likely become a renewed battle with the central bank.

President Donald Trump on Thursday said he would press the Federal Reserve to lower interest rates “immediately,” rekindling a fight over the historically independent U.S. central bank.

U.S. President Donald Trump on Thursday said he wants the Federal Reserve to cut interest rates at a time the central bank has hit pause for an uncertain duration, arguing he understands monetary policy better than those charged with setting it.