President Trump has urged Federal Reserve Chair Jerome Powell to resign after ongoing conflicts about interest rate decisions. He has criticized Powell's cautious approach to rate cuts, claiming it negatively impacts economic growth. In response to calls for an investigation by Bill Pulte regarding Powell's alleged biases and his testimony about the Federal Reserve's renovations, Trump reiterated his demand for reduced rates. Powell has stated that the Fed is monitoring the situation cautiously amid uncertainties related to Trump's tariffs and their potential economic consequences.
President Trump has repeatedly criticized Federal Reserve Chair Jerome Powell for not implementing faster rate cuts. He argues that the central bank's caution is hindering economic growth.
Bill Pulte, head of the Federal Housing Finance Agency, called for an investigation into Powell's alleged political bias and his testimony regarding renovations at the Fed's headquarters.
Trump has demanded that the Federal Reserve lower the key interest rate significantly, arguing that current rates are too high and detrimental to the economy.
Powell has expressed that the central bank is taking a cautious approach to rate cuts due to the uncertainty surrounding Trump’s tariffs, which may affect overall economic stability.
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