AssetID: 54890060
Headline: UNCAPTIONED: Trump Demands Fed Chair Jerome Powell Resign Immediately Amid Policy Clash
Caption: Trump Demands Fed Chair Jerome Powell Resign Immediately Amid Policy Clash. President Donald Trump has called on Federal Reserve Chair Jerome Powell to resign "immediately," escalating his long-standing criticism of the central bank chief. In a post on Truth Social, Trump said Powell was "too late" and should quit, linking to a news article urging an investigation into Powell's testimony about costly renovations at the Fed's headquarters. Trump, who nominated Powell during his first term, has frequently slammed him for not cutting interest rates fast enough. He now argues that high rates are hurting the economy, while Powell says Trump's own tariffs have prevented earlier rate cuts. Despite Trump's repeated attacks, Powell has insisted he won't step down if asked, noting that the law doesn't allow the president to remove him without cause. The Fed declined to comment. Legal precedent protects Fed independence, but Trump has a record of challenging such norms—leaving the future of this clash uncertain. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current affairs & Politics,Trump,Jerome Powell,resignation demand,Federal Reserve,Truth Social,criticism,interest rates,economic impact,Fed headquarters renovation,testimony controversy,Powell nomination,tariffs,rate cut delay,Fed independence,legal precedent,removal limitations,policy clash,central bank conflict,presidential pressure,economic policy tension.
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