Powell, Trump and resignation
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Sen. Mike Lee (R-UT) deleted a social media post on Tuesday featuring a fake resignation letter supposedly written and signed by Federal Reserve Chairman Jerome Powell. Lee initially celebrated Powell’s alleged departure from the central bank before quickly deleting the post.
Mohamed El-Erian and Jeremy Siegel think Jerome Powell's resignation would ultimately bolster the independence of the central bank.
Jerome Powell is concerned about the optics if he resigns from the central bank because the president wants him to.
POLITICS Colin Powell calls for Trump's resignation 'as quickly as possible': 'He should be totally ashamed of himself' The retired four-star general served under former President George W. Bush
“Groceries, as we call it, are down. Other than interest rates, everything’s down.” Powell was appointed Fed chairman in 2018 during Trump’s first term.
Treasury Secretary Scott Bessent offered support for Jerome Powell amid regular attacks from Trump administration officials, saying he sees no reason for the Federal Reserve chair to step down.
Treasury Secretary Scott Bessent offered support for Jerome Powell amid regular attacks from Trump administration officials, saying he sees no reason for the Federal Reserve chair to step down. “There’s nothing that tells me that he should step down right now,