Donald Trump Slams Jerome Powell, Says ’He’s Terrible’ Amid $2.5B Fed Controversy
U.S. President Donald TRUMP has called for Federal Reserve Chair Jerome Powell to resign following allegations of misleading lawmakers about the cost of renovations at the Fed's headquarters. Trump criticized Powell's reluctance to cut interest rates, claiming it has cost the country billions. The controversy centers on a $2.5 billion renovation project and accusations of deceptive testimony to Congress.
Trump's remarks came during a cabinet meeting, where he labeled Powell's performance as 'terrible' and suggested potential replacements for the Fed Chair. Powell, in turn, has attributed inflation concerns to Trump's tariff policies. The Senate Banking Committee is investigating the allegations, which could lead to Powell's resignation if proven true.
