Odaily Planet Daily News According to CBS News, White House trade advisor Navarro stated that the Federal Reserve Board should consider overturning Chairman Powell's opinion and lowering interest rates. Navarro said: "My suggestion is that at the committee meeting on July 29 to 30, if Powell continues to refuse to lower interest rates when the data shows it should be lowered, then the other members of the board should vote on what should be done, which is to lower interest rates."