Trump demands Powell's resignation from the Fed's Board of Governors

Trump demands Powell's resignation from the Fed's Board of Governors

US President Donald Trump has demanded the resignation of Jerome Powell from the Federal Reserve due to budget overruns in the renovation of his headquarters building during his tenure. "The building was under budget, record overruns, and 'it's too late' should force Powell to step down from the board," Trump wrote on the Truth Social social network, using the nickname he has long used in relation to Powell due to the fact that he is "too late" to lower interest rates. It's Jerome Powell's fault, and he must be forced to resign, now!" said the president. "If he doesn't resign, he should be prosecuted, at the highest level, on behalf of the United States government, for corruption or incompetence, which is completely unacceptable."