US EditionTrump says Powell should ‘resign immediately’
- President Donald Trump publicly demanded Federal Reserve Chair Jerome Powell resign immediately on July 2, 2025.
- Trump's call came after Bill Pulte, the leader of the agency overseeing government-sponsored enterprises in housing finance, accused Powell of giving misleading testimony to the Senate about costly renovations planned for the Federal Reserve's headquarters.
- Trump, who nominated Powell in 2017 during his first term, has repeatedly criticised Powell for keeping interest rates high and mocked him as "Too Late".
- Trump wrote on Truth Social, "Too Late should resign immediately!!!", while lobbying Congress with Vice President J.D. Vance to pass a contentious bill amid opposition concerned about rising national debt.
- Powell's term ends in May 2026, and the dispute suggests sustained political tension around Federal Reserve policy and independent agency leadership.
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Trump calls for Fed Chair Jerome Powell to immediately resign: ‘Too late’
In the latest escalation in the feud between President Donald Trump and Federal Reserve Chair Jerome Powell, the president appeared to call for Powell to resign after the head of the Federal Housing Finance Agency (FHFA) alleged Powell gave "deceptive" testimony to Congress.Trump has expressed frustration with Powell for months for refusing to lower the Fed’s interest rates, which he has said was costing the U.S. a "fortune."On Monday, Trump sen…
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Coverage Details
Total News Sources36
Leaning Left6Leaning Right4Center6Last UpdatedBias Distribution38% Left, 38% Center
Bias Distribution
- 38% of the sources lean Left, 38% of the sources are Center
38% Center
L 38%
C 38%
R 25%
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