Trump Calls for Powell’s Resignation, Urging Rate Cuts

Donald Trump has publicly pressured Federal Reserve Chairman Jerome Powell to implement a rate cut. This follows Powell’s announcement that the Fed will maintain its cautious approach regarding interest rates. 1st-rate cuts in September and subsequent pause in January suggest the Fed remains hesitant to lower rates. Trump voiced his disapproval, highlighting a difference between the ECB’s actions and Powell’s lack of aggressive response. He also urged for immediate action from Powell’s replacement.