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Author Topic: Fed up with Fed Chair! Trump calls for Jerome Powell to immediately resign  (Read 72 times)

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Offline mystery-ak

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Fed up with Fed Chair! Trump calls for Jerome Powell to immediately resign
« on: July 03, 2025, 09:21:04 am »
Fed up with Fed Chair! Trump calls for Jerome Powell to immediately resign
July 3, 2025 | Frieda Powers

After months of frustration with Federal Reserve Chair Jerome Powell, it appeared this week that President Donald Trump called on him to step down “immediately.”

The president reposted a Bloomberg article on Wednesday that reported on the head of the Federal Housing Finance Agency (FHFA) calling for Powell to resign.

“‘Too Late’ should resign immediately!!!” the president wrote.

FHFA Director Bill Pulte called for Congress to investigate Powell’s “deceptive” testimony in a statement on Wednesday.

“I am asking Congress to investigate Chairman Jerome Powell, his political bias, and his deceptive Senate testimony, which is enough to be removed ‘for cause,’” the Fannie Mae and Freddie Mac chief wrote. “Jerome Powell’s $2.5B Building Renovation Scandal stinks to high heaven, and he lied when asked about the specifics before Congress. This is nothing short of malfeasance,” he said.

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https://www.bizpacreview.com/2025/07/03/fed-up-with-fed-chair-trump-calls-for-jerome-powell-to-immediately-resign-1565290/
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Offline catfish1957

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Re: Fed up with Fed Chair! Trump calls for Jerome Powell to immediately resign
« Reply #1 on: July 03, 2025, 10:31:07 am »
Cool the jets DJT.  10 months (end of term) will come soon enough.   A heavy hand on the Fed is not a good move.  If Economy soars as you hope, Jay will have to lower rates just on fundamentals alone.
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Offline Free Vulcan

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Re: Fed up with Fed Chair! Trump calls for Jerome Powell to immediately resign
« Reply #2 on: July 03, 2025, 12:50:07 pm »
Quote from: catfish1957 on July 03, 2025, 10:31:07 am
Cool the jets DJT.  10 months (end of term) will come soon enough.   A heavy hand on the Fed is not a good move.  If Economy soars as you hope, Jay will have to lower rates just on fundamentals alone.

I am no fan of Powell and his globalist cabal reindeer games but this is one to sit tight on.

That said, there's nothing wrong with getting a start on publicly shopping around for a replacement.  :yowsa:
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Offline Fishrrman

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Re: Fed up with Fed Chair! Trump calls for Jerome Powell to immediately resign
« Reply #3 on: July 03, 2025, 06:30:44 pm »
No.
Keep Mr. Powell.
Keep interest rates where they are, or even let them rise a bit.
Keeps the economy steady along with keeping inflation down.

Actually, I think rates just ticked up a bit today (after receiving notice of a t-bill rolloever next Tuesday).
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