Trump says Powell should 'resign immediately if Congress misled'

In a Cabinet meeting on Tuesday, former President Donald Trump called for Federal Reserve Chair Jerome Powell to "resign immediately" if it's found that Congress was misled under his leadership. Trump's comments come amid ongoing scrutiny of the Federal Reserve's actions and transparency, particularly in light of recent economic challenges. This marks another chapter in Trump's long-standing criticism of Powell, whom he appointed in 2018 but frequently clashed with over monetary policy decisions. Trump's remarks underscore his continued influence in Republican circles, as he questions the Fed's handling of interest rates and inflation. His demand for Powell's resignation hinges on the outcome of investigations into whether Congress received misleading information regarding the Fed's policies. This development adds another layer of complexity to the political discourse surrounding the Federal Reserve, an institution that plays a pivotal role in shaping the country's economic landscape. The call for Powell's resignation signals a potential shift in the political dynamics surrounding the Federal Reserve, with Trump leveraging his platform to challenge the institution's accountability. As the debate unfolds, it raises questions about the balance of power between the government and independent agencies like the Fed. Observers will be watching closely to see how Powell and Congress respond to these allegations and what implications they may have for future economic policy-making.

— Authored by Next24 Live