$XRP #FedMeeting
President Donald Trump has publicly urged Federal Reserve Chair Jerome Powell to resign, criticizing him for not cutting interest rates despite Trump’s demands, and labeling him as having done a “lousy job.” This call for resignation is part of a continuing feud, with Trump previously describing Powell as “stupid” and a “stubborn mule,” reflecting his frustration with the Federal Reserve’s monetary policy. The backdrop to these criticisms includes recent economic policies like aggressive tariffs, which have raised inflation concerns and influenced the Fed’s decision to maintain current interest rates at 4.25%-4.50%. Despite Trump’s vocal dissatisfaction, Powell’s term does not end until May 2026, and he has indicated he would not resign if asked, highlighting the limited direct influence Trump has over the Federal Reserve’s independence.