{"id":40377,"date":"2025-04-17T14:00:48","date_gmt":"2025-04-17T11:00:48","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=40377"},"modified":"2025-04-17T13:37:59","modified_gmt":"2025-04-17T10:37:59","slug":"trump-wants-powell-to-resign-tensions-rise-again","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/trump-wants-powell-to-resign-tensions-rise-again\/","title":{"rendered":"Trump Wants Powell to Resign: Tensions Rise Again"},"content":{"rendered":"

U.S. President Donald Trump<\/strong><\/a> has called for Federal Reserve Chair Jerome Powell to resign immediately<\/strong>. This latest move is seen not only as a critique of Powell’s economic policies but also as the continuation of a long-standing personal and institutional tension<\/strong> dating back to 2018.<\/p>\n

In recent weeks, Trump once again targeted Powell via Truth Social, posting: \u201cCUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!\u201d<\/strong> His comments came at a time when Powell has remained firm on keeping interest rates elevated to combat inflation, resisting political pressure for aggressive rate cuts.<\/p>\n

Trump\u2019s Criticism of Powell Isn\u2019t New<\/h3>\n

During his previous presidency, Trump frequently criticized the Fed\u2019s interest rate decisions in public. In 2019, he famously stated, \u201cIf he resigns, I wouldn\u2019t stop him,\u201d<\/strong> referring to Powell. That same year, Trump openly admitted, \u201cI\u2019m not happy with Powell; I don\u2019t think he\u2019s doing a good job,\u201d<\/strong> expressing his frustration with the Fed\u2019s independent monetary policy stance.<\/p>\n

Meanwhile, Treasury Secretary Scott Bessent<\/strong> recently told Bloomberg TV that the White House would begin interviewing candidates this fall<\/strong> to potentially replace Powell when his term ends in May 2026<\/strong>. However, Trump’s aggressive tone suggests that waiting another year may not be part of the plan.<\/p>\n

While Bessent stressed that removing Powell is not currently on the agenda, Trump\u2019s rhetoric has reopened the debate. Bessent also highlighted the importance of protecting the Fed\u2019s monetary role, calling it \u201ca jewel box that must be preserved,\u201d<\/strong> but noted there is room to discuss the Fed\u2019s regulatory responsibilities more broadly.<\/p>\n

Trump\u2019s renewed attacks reflect not just dissatisfaction with current interest rate policies<\/strong>, but also an ongoing effort to reshape the central bank\u2019s independence. As the 2024 U.S. elections<\/strong> approach, the Trump-Powell conflict will remain a closely watched dynamic with implications for both economic stability and political power.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. President Donald Trump has called for Federal Reserve Chair Jerome Powell to resign immediately. This latest move is seen not only as a critique of Powell’s economic policies but also as the continuation of a long-standing personal and institutional tension dating back to 2018. In recent weeks, Trump once again targeted Powell via Truth<\/p>\n","protected":false},"author":29,"featured_media":39858,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[11654,14510,14511,11639],"class_list":["post-40377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-news","tag-federal-reserve-chair-jerome-powell","tag-federal-reserve-chair-jerome-powell-resign","tag-treasury-secretary-scott-bessent","tag-u-s-president-donald-trump"],"yoast_head":"\nTrump Wants Powell to Resign: Tensions Rise Again - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/trump-wants-powell-to-resign-tensions-rise-again\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump Wants Powell to Resign: Tensions Rise Again - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"U.S. President Donald Trump has called for Federal Reserve Chair Jerome Powell to resign immediately. 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