Trump says Jerome Powell should “resign immediately.”
- Donald TrumpIn a social media post, Federal Reserve Chairman Jerome Powell said he would “resign immediately.” It was an escalation of his public grievances about Powell, whom Trump believes is keeping interest rates high for no reason. Trump previously called him a “stubborn mule.”
Donald Trump is once again escalating the war of Federal Reserve Chairman Jerome Powell and his words.
In a social media post on Wednesday night, Trump called out his favorite nickname for the Fed chief, saying, “Too late” should be resigning soon!!!”
The latest complaints about Powell follow the charges from Bill Prute, director of the Federal Housing and Finance Agency (FHFA). defendant Powell lied to a lawmaker last week. Senate of the Senate Banking Committee.
The senator asked about the play in renovations to the federal government office. Powell told the committee that some of the inclusions in the VIP dining room and marble tables were part of the old plan and were subsequently abandoned. However, Pulte says Powell should give “deceived” testimony to the senator and be dismissed from his role “for the cause.”
Trump linked Pulte’s accusations in his post.
That’s true of Trump, who appointed Powell. I attack him repeatedly He has yelled that the Fed has not lowered interest rates since the start of his second administration. Powell, in his testimony last week, The Fed said it had it If it wasn’t because of the economic uncertainty brought about by Trump’s tariffs.
Trump calls Powell a “stubborn mule.” more He also sent him a handwritten letter complaining about interest rates, threatening to cite the “shadow” federal chairman who could undermine Powell for the rest of his term.
The Supreme Court shows that Trump cannot take Powell into office. Powell’s term will last until May 2026.