{"id":491,"date":"2025-07-03T15:03:25","date_gmt":"2025-07-03T15:03:25","guid":{"rendered":"https:\/\/coolxmagazine.com\/?p=491"},"modified":"2025-07-03T15:03:25","modified_gmt":"2025-07-03T15:03:25","slug":"trump-demands-immediate-resignation-of-fed-chair-jerome-powell-its-already-too-late","status":"publish","type":"post","link":"https:\/\/coolxmagazine.com\/?p=491","title":{"rendered":"Trump Demands Immediate Resignation of Fed Chair Jerome Powell: \u2018It\u2019s Already Too Late\u2019"},"content":{"rendered":"\n<p>In a fresh intensification of the ongoing clash between former President Donald Trump and Federal Reserve Chair Jerome Powell, Trump appeared to urge Powell to step down after the head of the Federal Housing Finance Agency (FHFA) accused him of delivering \u201cmisleading\u201d testimony to Congress.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"931\" height=\"523\" src=\"https:\/\/coolxmagazine.com\/wp-content\/uploads\/2025\/07\/106.webp\" alt=\"\" class=\"wp-image-497\" srcset=\"https:\/\/coolxmagazine.com\/wp-content\/uploads\/2025\/07\/106.webp 931w, https:\/\/coolxmagazine.com\/wp-content\/uploads\/2025\/07\/106-300x169.webp 300w, https:\/\/coolxmagazine.com\/wp-content\/uploads\/2025\/07\/106-768x431.webp 768w\" sizes=\"auto, (max-width: 931px) 100vw, 931px\" \/><\/figure>\n\n\n\n<p>Trump has been voicing his dissatisfaction with Powell for months, criticizing him for not cutting interest rates \u2014 a stance Trump claims is financially harming the U.S.<\/p>\n\n\n\n<p>On Monday, Trump sent a message to Powell pointing out that interest rates in other countries are lower than those in the U.S., once again accusing the Fed Chair of maintaining \u201cunnecessarily high\u201d rates.<\/p>\n\n\n\n<p>\u201c\u2018Jerome, once again, you\u2019re too late. Your actions have cost the United States a fortune and continue to do so,\u2019\u201d White House press secretary Karoline Leavitt said, quoting Trump\u2019s note. \u201c\u2018You need to make a substantial rate cut. We\u2019re losing hundreds of billions, and inflation isn\u2019t even an issue.\u2019\u201d<\/p>\n\n\n\n<p>Then on Wednesday, Trump shared a Bloomberg article on Truth Social regarding the FHFA director\u2019s call for a probe into Powell\u2019s actions.<\/p>\n\n\n\n<p>Trump added his own message: \u201c\u2018Too Late\u2019 should step down without delay!!!\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a fresh intensification of the ongoing clash between former President Donald Trump and Federal Reserve Chair Jerome Powell, Trump appeared to urge Powell to step down after the head of the Federal Housing Finance Agency (FHFA) accused him of delivering \u201cmisleading\u201d testimony to Congress. Trump has been voicing his dissatisfaction with Powell for months,&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/coolxmagazine.com\/?p=491\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;Trump Demands Immediate Resignation of Fed Chair Jerome Powell: \u2018It\u2019s Already Too Late\u2019&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":497,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/coolxmagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coolxmagazine.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coolxmagazine.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coolxmagazine.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/coolxmagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=491"}],"version-history":[{"count":1,"href":"https:\/\/coolxmagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/491\/revisions"}],"predecessor-version":[{"id":498,"href":"https:\/\/coolxmagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/491\/revisions\/498"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coolxmagazine.com\/index.php?rest_route=\/wp\/v2\/media\/497"}],"wp:attachment":[{"href":"https:\/\/coolxmagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coolxmagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coolxmagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}