Trump hopes lawmakers will get Powell to work when he shows up before the committee
Former Trump economic adviser Steve Moore has set off President Donald Trump’s resignation of Fed Chairman Jerome Powell in an attempt to step down amid tensions about “making money.”
President Donald Trump declared that lawmakers want to work in the Fed’s chair Jerome Powell on tuesday.
Federal Reserve System The chairperson of the System Board of Governors is scheduled to testify before the House Financial Services Committee on Tuesday morning.
True Social early morning Tuesday postTrump, who was vocally criticized about Powell, once again targeted the Fed chair.
Frustrated Trump suggests “maybe” he will need to change his “heart about firing” Jerome Powell
Left: President Donald Trump. Right: Federal Reserve Chairman Jerome Powell (Left: Brendan Smialowski/AFP via Getty Images; Right: Win McNamee/Getty Images)
“‘Too late’ Fed Jerome Powell is in Congress today to explain why he refuses to lower the rate, especially. There have been 10 cuts in Europe. There was zero inflation.
“Congress really is this very stupid, hard-pressed person, we really hope that he will pay for his incompetence in the future for his incompetence. The board needs to be revitalized. We will make America great again!” the president added to his post.
European Central Bank It was cut four times in 2024 and four more times in 2025, but the Fed, which cut three times last year, has not yet been cut this year.
Trump He is bashing Powell while he is hoping for a fierce interest rate cut.
Bill Parte, director of the Federal Housing and Finance Agency, calls for Jerome Powell to step down, responding to Fannie Mae and Freddie Mac, potentially publicly available and considering a New York real estate transaction investigation.
But despite Trump’s demands, the Federal Open Market Committee once again maintained the same federal funding target range last week.
“He was a stupid guy, obvious Trump hatred, he would never have been there, I heard people I shouldn’t have heard, and Biden shouldn’t have reappointed him.” post last week. “I don’t know why the board won’t override this total and total idiot! Maybe, maybe I have to change my mind about firing him?
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Federal Reserve Chairman Jerome Powell speaks after the central bank’s June interest rate decision.
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Powell’s terminology as a chair is not scheduled to end until mid-May.
“His new term as chairman will end on May 15, 2026, and his term as a member of the board will end on January 31, 2028,” according to 2022. press release.