Trump demands resignation of the Fed chair
Trump stated that Powell should leave his position, just like Adriana Kugler did due to disagreements over rates.
"I would remove him without hesitation, but they say it could disturb the market. However, in seven or eight months, he will leave on his own, and I will appoint someone else," the president noted.
Against the backdrop of tariffs and weak economic data over the last day, the US market lost more than $1 trillion.
