President Donald Trump intensified his criticism of Federal Reserve Chair Jerome Powell on Wednesday, once again demanding his resignation. Trump made the statement in a late-day post on Truth Social, declaring, “Too Late” should resign immediately!!! He attached a link to a Bloomberg article titled, “Fed Chair Should Be Investigated by Congress, FHSA Head Says.”
Although Powell was originally selected by Trump to lead the central bank during his presidency, he was reappointed to a second term by President Joe Biden. Powell’s current term is expected to conclude in May 2026.
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