š What Does It Mean When Trump Says āāToo Lateā Should Resign Immediately!!!ā?
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āToo Lateā is Trumpās nickname for Fed Chair Jerome Powell, used to criticize him for not cutting interest rates fast enough
Trump is demanding Powellās immediate resignation, accusing him of policy failures and ineffective action .
šµļø Why This Matters: The Allegations from FHFA
Bill Pulte, Director of the Federal Housing Finance Agency (FHFA), officially asked Congress to investigate Powell for alleged political bias and false or misleading testimony related to a $2.5 billion renovation of the Fedās DC headquarters
The accusations center on what Powell reportedly told Senate about not including luxury features (e.g., private dining rooms, rooftop terraces, skylights). Documents suggest some of these features were indeed part of the renovation design
Pulte described Powellās conduct as potential malfeasanceāserious enough to justify removal āfor causeā
āļø Powellās Defense & Broader Context
Powell defended himself in Senate testimony, stating media reports mischaracterized the renovation plansāfeatures he described as āinaccurate or not in the current planā
This clash occurs amid growing political pressure for Powell to lower interest rates ā pressure coming both from Trump and within the administration
š§ So, What Does Trumpās Statement Mean?
He is publicly aligning with Pulteās allegations, reinforcing the narrative that Powell has:
Misled lawmakers about the renovation.
Shown political bias.
Operated incompetently or dishonestlyāwarranting both an investigation and resignation