The conflict between Donald Trump and Federal Reserve Chair Jerome Powell continues to escalate over disagreements on interest rates.
Trump and Powell's Conflict
Donald Trump has once again called for Federal Reserve Chair Jerome Powell to resign after allegedly giving false testimony to Congress. The conflict between the two has been ongoing for several months, with recent events exacerbating their disagreements.
Allegations Against Powell
Following Powell's appearance before Congress, Bill Plute, Director of the Federal Housing Finance Agency, accused him of 'political bias' and 'deceptive testimony' regarding renovations at the Federal Reserve headquarters in Washington. In response, Trump demanded that Powell step down.
Powell's Defense
During a Senate hearing, Jerome Powell responded to accusations, describing them as misleading and inaccurate. He stated that some of the details reported by the media were not part of the current plan or simply incorrect.
The relationship between Trump and Powell remains strained, and the question of the Federal Reserve Chair's resignation becomes more pertinent amidst ongoing discussions about monetary policy.
