Trump Urges Fed Chair Powell to Resign Amid Dollar Slump

1 min read
Source: BBC
Trump Urges Fed Chair Powell to Resign Amid Dollar Slump
Photo: BBC
TL;DR Summary

US President Donald Trump has called for Federal Reserve Chair Jerome Powell to resign immediately amid ongoing criticism and political pressure, despite Powell's assertion that he cannot be forced out before his term ends without cause. Trump, who nominated Powell, has been urging lower interest rates to stimulate economic growth, but Powell has cited tariffs and trade policies as reasons for not cutting rates further. Calls for investigation into Powell's conduct have also emerged from other officials, adding to the political tension surrounding the Fed's leadership.

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