White House journalist Caroline Levitte said on Monday that President Donald Trump sent a letter to Federal Reserve Chairman Jerome Powell, who shows lower interest rates in other countries.
In the last escalation of the dispute between the president Donald Trump Federal Reserve Chairman Jerome Powell, the president appears to be calling for Powell to resign after the President of the Federal Housing Agency (FHFA) claimed a “deceptive” certificate to Congress.
Trump expressed his frustration With Powell For several months because it refused to reduce interest rates at the Federal Reserve, which he said cost the United States “wealth”.
On Monday, Trump sent a note to Powell highlighting how other countries around the world have decreased interest rates compared to the United States, and continued to accuse Powell of maintaining interest rates “artificially”.
“Jerome, you, as usual, are very late. The United States has cost a wealth and continuing it,” White House On Monday, press secretary Caroline Levit said I read the Trump note to Powell. “You must reduce the rate a lot. Hundreds of billions of dollars are lost and there is no enlargement.”
President Donald Trump and Federal Reserve Chairman Jerome Powell (Getty Images / Getty Images)
On Wednesday, Trump republished a Bloomberg An article on the invitation of FHFA president to conduct an investigation into Powell for his social account.
Trump wrote, “It is too late,” must be immediately resigned !!! “
Earlier on Wednesday, the director of FHFA Bill Polly published a statement of X, calling for Congress to investigate the alleged Powell’s degree, which he said was sufficient reasons for removal.
“I ask Congress to investigate President Jerome Powell, his political bias, and his deception Senate CertificateAnd it is enough to remove it “for the reason”, Polly wrote.
Jerome Powell, Chairman of the Federal Reserve Council, is attending a central bank symposium at the Grand Hotel in Stockholm, Sweden, January 10, 2023. (Claudio Bresciani/TT Degency/AFP via Getty Images/Getty Images)
In a certificate of the Senate Banking Committee last week, Powell refused concerns about the irresponsible expenditures that renew the Federal Reserve headquarters in Washington, DC.
Bolt Senator Centeh Lomes, R and Yoo, said that Powell “made a number of delicate statements realisticly to the (Senate) Committee regarding the special dining room and the luxury elevator at the Federal Reserve, deception, water features, and ceiling terrace.”
Bouti wrote: “The $ 2.5 billion buildings from Jerome Powell to the High Paradise, and he lied when asked about the details offered to Congress. This is no less than violations and deserves” the cause. “President Powell needs to be investigated by Congress immediately.”
Trump feeds the Powell chair for not lowering prices: “Average of my mental person”
Representative Jim Jordan, a Republican of Ohio and Chairman of the Judicial Committee of the House of Representatives, speaks during a hearing in Washington, DC, March 12, 2024. (Al Drao / Bloomberg via Getty Images / Getty Images)
Speaking to Bloomberg on Wednesday, the Judicial Speaker Jim Jordan, Ra Ouo, responded to Bolt’s invitation to conduct an investigation into Powell, saying: “We did not discuss this specifically,” but “everything is on the table.
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“We will look at this. Part of our constitutional duty is the supervision of the executive branch, and in our committee, we supervise the judicial branch as well.”
The Federal Reserve Representative refused to comment.
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