Donald Trump intensified his criticism of Federal Reserve Chairman Jerome Powell in a recent social media post, demanding Powell's immediate resignation. This follows persistent complaints from Trump about high interest rates, which he attributes to Powell's actions. FHFA Director Bill Pulte has also accused Powell of providing misleading testimony to the Senate regarding costly Fed renovations. Powell's term is secured until May 2026, and despite Trump's personal grievances, the Supreme Court has ruled he cannot dismiss Powell from office.
Trump's latest social media post demanded that Federal Reserve Chairman Jerome Powell "resign immediately," escalating his ongoing criticisms over high interest rates. Trump previously labeled Powell a "stubborn mule" and claims the Fed is unjustifiably maintaining high rates.
Amid growing tension, accusations of misleading testimony have been aimed at Powell by FHFA Director Bill Pulte, who stated Powell's remarks to the Senate were deceptive concerning the expensive renovation plans for the Fed's offices.
Collection
[
|
...
]