Trump says Powell should resign ‘immediately’ in latest attack on Fed chair
Summary
President Donald Trump has called for Federal Reserve Chair Jerome Powell to resign, which he has done several times before. Trump criticized Powell for not lowering interest rates quickly, and this latest comment follows a recommendation for an investigation into Powell’s actions by a top housing official.Key Facts
- President Trump called on Jerome Powell, the Federal Reserve Chair, to resign.
- Trump criticized Powell for not lowering interest rates fast enough.
- Bill Pulte, a top housing official, suggested investigating Powell for political bias and misleading testimony.
- The Federal Reserve has kept interest rates steady to assess the impact of tariffs.
- Trump has called for Powell’s removal before, citing disagreements on economic policy.
- US law allows the president to fire the Fed Chair only for specific misconduct, not policy decisions.
- Powell's term as Federal Reserve Chair is set to last until May 2026.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.