๐จ Trump Calls for Fed Chair Jerome Powell to Resign Amid Congressional Scrutiny
๐บ๐ธ In a bold escalation of political pressure on U.S. monetary leadership, President Donald Trump has publicly called for Federal Reserve Chair Jerome Powell to resign and face a Congressional investigation.
๐น The demand comes amid increasing scrutiny over Powellโs recent testimony before the Senate.
๐น Trump criticized Powellโs refusal to cut interest rates, contrasting it with his actions under the Biden administration.
๐น The move injects fresh tension into the relationship between U.S. fiscal policy and central bank independence.
๐ Why it matters:
Markets often react sharply to political interference in monetary policy. As inflation cools and rate cut speculation builds, this development could further shake investor confidence and impact broader economic sentiment.
#JeromePowell #Trump #FederalReserve #MonetaryPolicy #InterestRates
https://coingape.com/trump-calls-for-jerome-powell-to-resign-and-face-congress-investigation/?utm_source=bnb&utm_medium=coingape