Trump Ramps Up Pressure on Fed Chair Powell Amid Rate Cut Dispute

President Donald TRUMP has intensified his demands for Federal Reserve Chair Jerome Powell's resignation, citing disagreements over interest rate policy. Trump alleges Powell's reluctance to cut rates is exacerbating U.S. debt-servicing costs and hindering economic recovery. The conflict deepened after Powell linked Trump's tariff policies to persistent inflation, complicating the case for monetary easing.

Legal experts contend Trump faces significant hurdles in forcibly removing Powell before his term expires, given the Federal Reserve's statutory independence. The Supreme Court has historically upheld the central bank's autonomy, making any dismissal attempt a potential legal battleground. Market participants are monitoring the situation for implications on monetary policy stability.