CoinVoice has learned that, according to U.S. President Trump during a Cabinet meeting on Tuesday, if the allegations that Federal Reserve Chairman Powell misled Congress regarding the Fed's headquarters renovation project are true, the Fed chairman should "immediately resign." Trump reiterated his criticism of Powell, calling him "terrible," and told reporters that deceiving Congress would constitute grounds for immediate departure. "He should resign immediately," Trump said, "We need to replace him with someone who will lower interest rates." Trump has continuously criticized Powell for maintaining the current interest rate policy, and last month he declared he would choose a successor who supports rate cuts. Earlier, media reports revealed issues with the soaring costs and luxurious features of the Fed headquarters renovation project. Powell recently refuted related reports during a Senate hearing, stating that they were "misleading and inaccurate in many respects." [Original link]