President of the United States Donald Trump has once again called for Federal Reserve Chairman Jerome Powell to resign from his position immediately. Trump made this demand through a post on the Truth Social platform in early July 2025, with the nickname 'Too Late' criticizing Powell's slowness in lowering the benchmark interest rate.

Trump's anger escalated after Bill Pulte, Director of the Federal Housing Finance Agency (FHFA), urged Congress to investigate Powell for allegedly providing misleading testimony regarding the luxurious renovation of The Fed's headquarters worth US$2.5 billion. Pulte supported Powell's dismissal 'for cause' and claimed that his testimony was politically biased.

Trump believes that the high interest rate policy maintained by Powell has cost the United States trillions of dollars and slowed economic growth. He insists that Powell must significantly cut interest rates for the sake of the American people.

Meanwhile, Powell defended his policies by stating that the trade tariff increases implemented by Trump during his administration exacerbated inflation, which is why The Fed must be cautious in lowering interest rates too early.

The tension between Trump and Powell has been long-standing, especially due to differing views on monetary policy and interest rates. Although Trump has repeatedly threatened to fire Powell, legally such a dismissal is difficult to execute before Powell's term ends in May 2026.

This situation raises concerns about the independence of the Federal Reserve in managing monetary policy amid increasing political pressure.#TRUMP #Powell $BTC