Economist Larry Kudlow told Fox Business Wednesday that the Federal Reserve needs a complete overhaul.

The Federal Reserve cut interest rates by a quarter-point Wednesday after a two-day meeting, responding to mounting pressure from President Donald Trump to slash rates more aggressively.

During a segment on “The Big Money Show,” Kudlow said the Federal Reserve had lost control of its mission and credibility.

Adding the Federal Reserve needs to be overhauled from top to bottom.

“We need a completely different Fed. We need, from top to bottom,” Kudlow said.

“Monetary policy, regulatory policy, their budget, their budget is running up, what did I see? A 300% rate in the last few years on the J-PAL.”

Kudlow blasted the Fed’s “extraterrestrial” monetary experiments and said they have delivered neither sound money nor a stable dollar.

“Their regulatory interference is unbelievable. Their monetary experiments are extraterrestrial. Nothing has worked in years. They’re not giving us sound money,” Kudlow said.

“They don’t give us a stable dollar. They don’t give us any certainty or reliability that the dollar you have tomorrow will be worth the same as it is today.”

The Federal Reserve moved to lower interest rates following weaker-than-expected job growth.

The August employment report showed a modest gain of just 22,000 jobs, well under economists’ forecasts.

Updated figures from the Bureau of Labor Statistics said the economy actually created 911,000 fewer jobs over the past year than previously estimated.

Meanwhile, inflation ticked up, with the consumer price index rising to 2.9% in August from 2.7% the month prior.

On the same day as the rate cut deliberations, the Senate approved Stephen Miran — head of the Council of Economic Advisers — to succeed Adriana Kugler following her resignation in August.

A federal appeals court also sided with Fed Governor Lisa Cook, allowing her to remain in office while she contests Trump’s decision to fire her.

Miran cast the lone vote in favor of a deeper half-point cut, dissenting from the rest of the committee.

Treasury Secretary Scott Bessent, for his part, advocated for an independent examination of the central bank.

Warning that the increasingly partisan leanings of its regional board members had eroded public confidence.

Kudlow’s explosive critique reflects growing conservative frustration with Federal Reserve policies that have failed to deliver economic stability.

His call for systematic overhaul echoes Trump’s longstanding criticism of the central banking system.

The Fed’s quarter-point cut falls short of Trump’s demands for more aggressive rate reductions to stimulate economic growth.

Kudlow’s description of Fed policies as “extraterrestrial” highlights how disconnected monetary policy has become from real economic conditions.

The massive job revisions revealed by the Bureau of Labor Statistics expose serious problems with economic data collection and analysis.

When the government admits to miscounting nearly one million jobs, public trust in official statistics evaporates.

The Fed’s inability to provide dollar stability undermines confidence in America’s monetary system.

Kudlow’s demand for complete institutional change reflects the severity of current Federal Reserve failures.

The central bank’s regulatory overreach has stifled economic growth while failing to achieve price stability.

Their experimental policies have created uncertainty rather than the predictability businesses need for investment decisions.

The Fed’s budget increases of 300% demonstrate an institution more focused on expanding bureaucracy than delivering results.

Lisa Cook’s legal challenge to Trump’s firing decision shows how politicized the Federal Reserve has become.

The institution that should remain above partisan politics now actively resists presidential oversight.

Stephen Miran’s dissenting vote for deeper rate cuts suggests internal disagreement about appropriate monetary policy.

Treasury Secretary Bessent’s call for independent examination acknowledges that the Fed requires outside oversight.

Kudlow’s comprehensive critique demands accountability for years of failed monetary experiments.

The Federal Reserve’s credibility crisis requires the fundamental restructuring Kudlow advocates.

Only complete institutional reform can restore sound money and stable economic policy.

America deserves a central banking system that serves the economy rather than bureaucratic interests.