Trump Demands Fed Chair Powell’s Resignation Amid $2.5B Renovation Controversy

President Donald TRUMP escalated his criticism of Federal Reserve Chair Jerome Powell, calling for his resignation over allegations of misleading Congress about a $2.5 billion headquarters renovation. "He's terrible," Trump declared during a cabinet meeting, blaming Powell's interest rate policies for costing the U.S. billions.

The Fed chair faces mounting scrutiny after allegedly providing false testimony to Senate Banking Committee members regarding renovation costs. Trump suggested replacing Powell with someone who WOULD aggressively cut rates, accusing the Fed of political bias in its decisions.

Powell countered that Trump's tariff policies have exacerbated inflation concerns. The controversy comes as the WHITE House reportedly prepares a shortlist of potential Fed chair replacements, signaling heightened tensions between the administration and central bank.