Former President Donald Trump has escalated his longstanding criticism of Jerome Powell, the chair of the Federal Reserve, demanding his immediate resignation through a recent post on his Truth Social platform. Trump's frustration stems from Powell's reluctance to lower interest rates, which Trump believes is essential to stimulate economic growth. The request for Powell to resign comes amidst further scrutiny of his recent testimonies and accusations of political bias, which some lawmakers, including Federal Housing Finance Agency director Bill Pulte, have deemed sufficient grounds for investigation. Despite Trump's continued onslaught of criticism, legal experts indicate the challenges in forcing Powell out of the chair position, as federal law protects him from dismissal without cause. Powell’s fate may hang in the balance as the political landscape continues to evolve with the upcoming elections.
Trump Demands Immediate Resignation of Federal Reserve Chair amid Controversy
Trump Demands Immediate Resignation of Federal Reserve Chair amid Controversy
In a decisive move, former President Trump intensifies pressure on Jerome Powell, calling for his resignation from the Federal Reserve.
Trump calls for the Federal Reserve chair to resign, citing political bias and failures to cut interest rates while experts weigh in on the legality and implications of such demands.
The pressure mounts on Jerome Powell as former President Trump insists on his immediate resignation from the Federal Reserve, highlighting disputes over interest rates and political accountability.
The pressure mounts on Jerome Powell as former President Trump insists on his immediate resignation from the Federal Reserve, highlighting disputes over interest rates and political accountability.
