Trump Demands Fed Chair's Immediate Resignation
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US President Donald Trump renewed his calls for Federal Reserve Chair Jerome Powell to resign immediately, escalating his criticism of Powell's interest rate policies. Trump cited a news article calling for Powell's investigation regarding renovations to the Fed's headquarters. While Trump previously nominated Powell, he has repeatedly criticized him for not lowering interest rates to boost economic growth. Powell has countered that Trump's tariff policies hindered rate cuts. The Federal Reserve declined to comment, and it's unclear whether Trump legally can remove Powell.
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