The story of Trump and Powell is truly a grand drama
Due to the renovation project at the Federal Reserve headquarters, Trump believes Powell's spending is problematic and aims to force Powell to resign for this reason. Of course, Powell is unwilling, and today he began a self-examination.
Trump has repeatedly criticized Powell, believing that his delay in lowering interest rates has affected the progress of the U.S. development. However, after analyzing multiple data points in the U.S., such as unemployment rates, the number of unemployment claims, and consumer indices, Powell feels that the U.S. economy is strong and does not need to lower interest rates.
This issue has been ongoing for several months, and just last week there were rumors that Powell would voluntarily resign, but based on Powell's actions now, he does not seem to have any intention of resigning.
If Powell does not resign, he has 10 months left in his term.
