US President Donald Trump has demanded the immediate resignation of Federal Reserve Chair Jerome Powell, blaming him for not reducing interest rates.

ICP gained 1% after bouncing back from earlier losses, confirming $4.72 as a significant support level amid strong buying activity.

Jerome Powell testifies before the House Financial Services Committee on Capitol Hill on June 24. Federal Reserve Chair Jerome Powell said on Tuesday that President Trump's tariffs pave a "highly ...

Federal Reserve Board Chairman Jerome Powell listens during a hearing of the House Committee on Financial Services on Capitol Hill, Tuesday, June 24, 2025, in Washington.

“‘Too Late’ Jerome Powell, of the Fed, will be in Congress today in order to explain, among other things, why he is refusing to lower the Rate,” Trump wrote on his social media platform.

President Trump has increasingly pointed to rate cuts by other central banks as he pressures Jerome H. Powell, the Fed chair, to reduce borrowing costs. By Deborah B. Solomon If the Federal ...

Heritage Foundation chief economist EJ Antoni weighs in on President Donald Trump’s battle with Federal Reserve Chair Jerome Powell and addresses the administration’s goal of restoring U.S ...

Powell has less than a year remaining in his term as Fed chair, which is due to expire in May 2026. President Donald Trump, who nominated Powell to the role in 2017, has signaled he won't nominate ...

President Trump reiterated calls for Jerome Powell and the Fed to lower interest rates, leaning on data that found May saw the fewest private sector jobs added than any month in the past two years.

What You Need To Know President Donald Trump met with Federal Reserve Chair Jerome Powell and the two discussed the economy but not Powell’s outlook for interest rates, the Fed said Powell told Trump ...

Trump, who nominated Powell in 2017, has repeatedly attacked him, recently calling him on social media "a FOOL, who doesn’t have a clue." Trump's Fed comments have often moved markets.

Powell said amendments to the strategy will likely be made "in coming months." The last framework was unveiled at the Kansas City Fed's annual August research conference in Wyoming.