Trump says Powell should immediately resign in the latest attack on the Federal Reserve Chair Business and Economics News

The US President has repeatedly called to the highest central banking to step down amid a dispute over interest rates.

US President Donald Trump reiterated his call until the Federal Reserve Chairman Jerome Powell, the latest in a series of attacks that sparked concern about the independence of the US Central Bank.

Trump called for “Powell’s resignation immediately” on Wednesday after he urged the highest housing organizer in his administration the US conference to launch an investigation into the central bank.

Bill Botti, director of the Federal Housing Finance Agency, said in a publication on X that Powell should be investigated for his “political bias” and “deceptive testimony” about the renovations at the Federal Reserve in Washington, DC.

In fact, the social that responds to Pulte’s comments, Trump said that “it is too late” – a title used for Powell’s revenge for not lowering prices faster – must be resigned.

Trump Broadside comes days after Powell sends a letter calling for the central bank to reduce the standard interest rate, which is currently determined by 4.25 percent to 4.5 percent, through “a lot”.

He has repeatedly criticized the American president for not supporting faster price discounts, on the pretext that the Central Banking’s caution hinders economic growth and that concerns about inflation is exaggerated.

Low interest rates reduce the cost of borrowing for companies and consumers, and help enhance economic growth.

But the price cuts also have an effect on increasing inflation, which central banks usually want to maintain low, and it is generally expected to display the comprehensive definitions of Trump’s rising pressure on prices.

On Tuesday, Powell told a discussion episode at the European Central Bank Forum in Portugal that the Central Bank had taken an approach to waiting and seeing to evaluate the discounts in order to measure the effect of Trump’s tariff, many of which fold the forgetfulness before the final date on July 9.

“In fact, we were suspended when we saw the size of the definitions, and all inflation expectations in the United States mainly increased materially as a result of the definitions,” said Powell.

“We did not overlook his reaction. In fact, we did not interact at all; we simply take some time.”

Trump has repeatedly called for Powell, whose period does not end until May 2026, or has been removed since he arrived in his post in January.

Last week, Trump told the correspondents that he “loves” to step down “if he wanted to.”

In April, Trump said that “Powell end could not come quickly enough”, ” Before retracting his threat after the US dollar fell sharply.

Under US Federal Law, the American President is only allowed to dismiss the President of the Federal Reserve “for the cause”, a ruling that is widely explained as a specific misconduct, not policy decisions.

In May, the United States Supreme Court confirmed the precedent of limiting the president’s ability to remove the best central banking in a ruling that led to the assignment of the Federal Reserve that it has a distinguished position compared to other independent agencies.

Trump on Tuesday told reporters that he had “two or three” options to consider Powell’s backwardness without clarification.