Trump called on Federal Reserve Chair Jerome Powell to resign following accusations of deceptive testimony and ongoing frustration over high interest rates. The push comes after FHFA Director Bill Pulte publicly requested a congressional investigation into Powell’s actions.
Key Facts:
- President Trump urged Jerome Powell to resign, accusing him of keeping rates “artificially high.”
- FHFA Director Bill Pulte alleged Powell gave deceptive Senate testimony and called for an investigation.
- Pulte cited Powell’s dismissal of concerns about a $2.5 billion Fed building renovation as misleading.
- Trump posted Pulte’s call on Truth Social and wrote, “Too Late should resign immediately!!!”
- House Judiciary Chair Jim Jordan said the committee may consider investigating Powell.
The Rest of The Story:
President Trump has renewed his pressure campaign against Federal Reserve Chair Jerome Powell.
This time, the push includes demands for his resignation following a new controversy involving the Federal Reserve’s headquarters renovation.
Bill Pulte, head of the Federal Housing Finance Agency, posted a public statement urging Congress to investigate Powell for “deceptive” testimony about the Fed’s $2.5 billion building renovation.
According to Pulte, Powell made false claims before the Senate Banking Committee, brushing off specific concerns about lavish upgrades like private dining, elevators, and water features.
“This is nothing short of malfeasance,” Pulte declared.
Trump quickly echoed the call, posting on Truth Social that Powell should resign.
While Powell continues to insist inflation remains a priority, Trump argues the Fed’s policies are doing economic harm.
He sent a note this week that read, “You have cost the USA a fortune and continue to do so. You should lower the rate by a lot.”
Commentary:
Jerome Powell should have been out months ago.
His refusal to cut interest rates when so many other global economies have done so speaks volumes.
It’s not just poor timing—it looks political.
The fact that the Fed remains independent from voter control doesn’t give Powell the right to sidestep accountability.
The Federal Reserve’s massive $2.5 billion renovation—featuring everything from luxury dining rooms to rooftop terraces—ought to be raising red flags.
And if Powell lied to Congress about it, that alone is enough to remove him for cause.
Americans are struggling, and this kind of elite self-enrichment from our top economic official is unacceptable.
When the head of a major federal agency calls out the Fed Chair for misleading testimony, it’s not something to dismiss lightly.
Pulte’s call for a congressional investigation is not just justified—it’s necessary.
Transparency and trust in our financial institutions are on the line.
Powell’s inaction on rates hasn’t just cost the economy “a fortune,” as Trump puts it.
It’s actively undermined growth and opportunity for working families, small business owners, and retirees living on fixed incomes.
At this point, the question isn’t whether Powell’s judgment is sound—it’s whether he’s even trying to act in the public’s interest.
There is no constitutional basis for agencies like the Federal Reserve to operate completely outside the executive branch’s control.
It’s time to stop pretending that “independent” means unaccountable.
The president, whoever he may be, must be able to remove officials who work against the economic interests of the people.
If Powell won’t resign, Trump should fire him in his first month back in office.
Enough is enough.
The voters didn’t elect Jerome Powell. They elected a president to lead—and that includes cleaning house when needed.
The Bottom Line:
The fight between Trump and Powell is no longer just about interest rates.
It’s now a battle over credibility, power, and political accountability.
With new allegations of deceptive testimony and lavish spending, Powell’s days at the Fed may be numbered—especially if Trump returns to the White House.
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