JEROME POWELL AGREES TO RESIGN AS FED CHAIR UNDER TRUMP PRESSURE
POLITICAL HEAT > LEGAL LIMITS?
After months of public attacks, economic demands, and political firepower, Jerome Powell is stepping down — not by law, but by relentless pressure from President Trump and his allies.
🔥 Trump demanded a 300bps rate cut
💰 Claimed it would “save $1T+ annually”
🏛️ Slammed the $2.5B Fed building renovation
📉 Powell became the political target — and caved
Markets aren’t fully buying it yet. Yields still rising. Traders waiting for confirmation. But one thing’s clear — the Fed just became the new frontline in Trump’s economic war.
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