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Trump Intensifies Push to Oust Fed Chair Powell Over Rate Disputes
U.S. President Donald Trump stated that Federal Reserve Chair Jerome Powell's termination 'cannot come fast enough' due to frustrations with interest rate policies.
Trump indicated he is considering firing Powell, whose term ends in May 2026, as he is not satisfied with interest rate cuts.
On his social media, Trump called for Powell to lower the Fed's short-term interest rate, urging action on this matter.
During a press conference, Trump emphasized his power to remove Powell quickly, saying, 'If I want him out, he'll be out of there real fast, believe me.