The Trump administration is pressing Harvard University to turn over records on the money it receives from foreign sources going back a decade, the latest in a growing pressure campaign against the nation’s most prominent university.

President Donald Trump said on Thursday that Harvard University is abusing its tax-exempt status as he escalated his fight with the institution. "I think Harvard is a disgrace," Trump told reporters.

President says university should lose government research contracts after it refused demands to accept outside political supervision. Trump says Fed chair Powell’s 'termination cannot come fast enough' 11:38 President Donald Trump blasted Federal Reserve chair Jerome Powell on Thursday for not lowering interest rates,

"There will be a trade deal 100%," Trump said ahead of a luncheon at the White House with Italian Prime Minister Giorgia Meloni. "I fully expect it."

Trump’s call for Powell’s ousting comes after the markets tumbled in response to his comments yesterday that tariffs could spur price hikes and further weaken the economy. Trump’s post also came shortly after the European Central Bank lowered rates by a quarter point this morning,

President Donald Trump on Thursday ratcheted up his criticism against Federal Reserve Chair Jerome Powell, calling for his “termination” for not cutting interest rates quickly enough. His comments come one day after the central bank chief delivered a stark warning about the effect of Trump’s sweeping tariffs on the economy.

The European Central Bank cut interest rates yesterday as policymakers grappled with economic uncertainty, particularly as a result of Trump’s chaotic trade policies. Trump also said that “we are going to make a very good deal with China,