US EditionWhat Powell Is Telling Allies as Trump Pressures Him to Resign | News Channel 3-12
UNITED STATES, JUL 25 – Jerome Powell rejects President Trump's demands to resign or cut interest rates, emphasizing Federal Reserve independence amid ongoing political pressure through May 2026.
- Federal Reserve Chair Jerome Powell confirmed he will complete his term through May 2026 amid President Trump's pressure to resign over interest rate policies.
- This decision follows months of escalating White House criticism after Powell refused to cut rates despite Trump's repeated calls and public insults.
- Powell maintains focus on the Federal Reserve's dual mandate to control inflation near 2% while supporting employment, navigating economic challenges including inflation easing and financial risks.
- Senator Elizabeth Warren expressed worry Trump might use Fed spending on a $2.5 billion renovation as a pretext to fire Powell, while advisers warn firing him would destabilize markets.
- Powell’s choice to remain in his role signals stability and consistency in U.S. monetary policy, providing investors with reassurance amid economic uncertainty and indicating that efforts to combat inflation will continue.
21 Articles
21 Articles
Federal Reserve Chairman Jerome Powell has told several of his partners and allies that there is no chance he will give in to President Donald Trump's demands for his resignation, and has vowed to resist several…
Empty-headed, absolute idiot, a very stupid person with a low IQ, or, more politely, "Mr. Too little, too late." Trump is remarkably creative in coming up with insults for Jerome Powell, the president of the US Federal Reserve. But why is Trump on a collision course with the man he himself appointed during his previous term?
Powell Vows He’ll Finish His Term
“Federal Reserve Chair Jerome Powell has told multiple associates and allies that there’s no chance he will bow to President Donald Trump’s calls for him to resign, vowing to withstand several more months of the president’s unprecedented, multi-pronged assault over Powell’s refusal to lower interest rates,” CNN reports. “The top central banker has privately argued that he must stay put for more than just personal reasons — the fate of his chairm…
President Trump has been defeated in a new attempt to pressure the governor of the US Federal Reserve. For months, Trump has been demanding that Governor Jerome Powell lower interest rates, arguing that this would boost the economy and allow his government to pay less interest on the national debt. Powell believes further rate cuts are unwise. He wants to wait and see what the consequences of the Trump administration's economic policies are, par…
Powell privately adamant that he will serve out his full term at the Fed
Federal Reserve Chair Jerome Powell has told multiple associates and allies that there’s no chance he will bow to President Donald Trump’s calls for him to resign, vowing to withstand several more months of the president’s unprecedented, multi-pronged assault over Powell’s refusal to lower interest rates.
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
