Summary
- U.S. President Donald Trump has repeatedly called for the resignation of Jerome Powell, Chair of the Federal Reserve (Fed).
- President Trump continues to criticize Chair Powell, urging for an interest rate cut.
- Investors are paying close attention to how Trump's pressure might impact U.S. monetary policy and the markets.
U.S. President Donald Trump has called for the resignation of Jerome Powell, Chair of the Federal Reserve (Fed).
According to Walter Bloomberg on the 2nd (local time), Trump said, "Chair Powell should resign." Previously, on the 17th of last month, Trump had also stated that he hoped for Powell's resignation.
Meanwhile, Trump continues his criticism of Powell on a daily basis. The day before, Trump referred to Powell as "'Too Late' Powell is a disaster" and pressured that "interest rates should be cut immediately."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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