President Donald Trump calls for Fed Chair Jerome Powell to ‘resign immediately’

In the last escalation of the dispute between President Donald Trump and Federal Reserve Chairman Jerome Powell, the president seemed to call Powell to resign after the President of the Federal Housing Agency (FHFA) claimed that Powell submitted a “deceptive” certificate for congress.

Trump expressed his frustration from Powell for several months for refusing to reduce interest rates at the Federal Reserve, which he said was costing the United States “wealth”.

On Monday, Trump sent a note to Powell highlighting how other countries around the world have decreased interest rates compared to the United States, and continued to accuse Powell of maintaining interest rates “artificially”.

“Jerome, as usual, is too late. The United States has cost a fortune and continues to do so,” said Caroline Levitt, the White House press secretary. “You must reduce the rate a lot. Hundreds of billions of dollars are lost and there is no enlargement.”

Trump sends the master. After it is too late, “Jerome Powell Fiery Note spells the interest failure that cost us” wealth “

On Wednesday, Trump republished the Bloomberg article on FHFA’s invitation to conduct an investigation into Powell in his social account.

Trump wrote, “It is too late,” must be immediately resigned !!! “

Earlier on Wednesday, the director of FHFA Bill Polly published a statement of X, calling for Congress to investigate the alleged Powell’s degree, which he said was sufficient reasons for removal.

“I am asking Congress to investigate the Chairman of the Board of Directors, Jerome Powell, his political bias, and his testimony in the deceptive Senate, which is sufficient to remove it” for the reason. “

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Jerome Powell, Chairman of the Federal Reserve Council, is attending a central bank symposium at the Grand Hotel in Stockholm, Sweden, January 10, 2023. (Claudio Bresciani/TT Degency/AFP via Getty Images/Getty Images)

In a certificate of the Senate Banking Committee last week, Powell refused concerns about the irresponsible expenditures that renew the Federal Reserve headquarters in Washington, DC.

“I made a number of realities realistically to the point of view to [Senate] The committee related to the special dining room and the luxury elevator at the Federal Reserve and the elevator, the manner, water features and ceiling terrace.

Bouti wrote: “The $ 2.5 billion buildings from Jerome Powell to the High Paradise, and he lied when asked about the details offered to Congress. This is no less than violations and deserves” the cause. “President Powell needs to be investigated by Congress immediately.”

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Representative Jim Jordan, a Republican of Ohio and Chairman of the Judicial Committee of the House of Representatives, speaks during a hearing in Washington, DC, March 12, 2024. (Al Drao / Bloomberg via Getty Images / Getty Images)

Speaking to Bloomberg on Wednesday, the Judicial Speaker Jim Jordan, Ra Ouo, responded to Bolt’s invitation to conduct an investigation into Powell, saying: “We did not discuss this specifically,” but “everything is on the table.

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“We will look at this. Part of our constitutional duty is the supervision of the executive branch, and in our committee, we supervise the judicial branch as well.”

The Federal Reserve Representative refused to comment.