Trump Demands Immediate Resignation of Federal Reserve Chair Powell

In a recent post on his Truth Social platform, former President Donald Trump has called for Jerome Powell, the Chair of the Federal Reserve, to resign immediately. This demand marks a new escalation in Trump's public criticism of Powell, whom he originally appointed during his presidency. The urgency of Trump's call comes amidst ongoing economic debates, particularly surrounding interest rates and their impact on future growth. While Trump has previously hinted at wanting Powell out due to dissatisfaction with his policies, legal experts note that the president lacks the authority to dismiss him without just cause. Following recent accusations by Federal Housing Finance Agency director Bill Pulte calling for an investigation into Powell’s congressional testimony, tensions have heightened in the already fraught relationship between Trump and the Fed. Powell has countered these criticisms by asserting that rate cuts were not feasible due to the ramifications of Trump's own trade policies. As Trump continues to navigate the complexities of his second term, the situation with the Federal Reserve remains a focal point of contention.

Trump Demands Immediate Resignation of Federal Reserve Chair Powell

In a bold move, Donald Trump has called for Jerome Powell's resignation as Federal Reserve Chair amid ongoing tensions about monetary policy.

In a recent post on his Truth Social platform, former President Donald Trump has called for Jerome Powell, the Chair of the Federal Reserve, to resign immediately. This demand marks a new escalation in Trump's public criticism of Powell, whom he originally appointed during his presidency. The urgency of Trump's call comes amidst ongoing economic debates, particularly surrounding interest rates and their impact on future growth. While Trump has previously hinted at wanting Powell out due to dissatisfaction with his policies, legal experts note that the president lacks the authority to dismiss him without just cause. Following recent accusations by Federal Housing Finance Agency director Bill Pulte calling for an investigation into Powell’s congressional testimony, tensions have heightened in the already fraught relationship between Trump and the Fed. Powell has countered these criticisms by asserting that rate cuts were not feasible due to the ramifications of Trump's own trade policies. As Trump continues to navigate the complexities of his second term, the situation with the Federal Reserve remains a focal point of contention.