Trump Renews Call for Fed Chair Jerome Powell’s Resignation: “It’s Too Late Already”

Former U.S. President Donald Trump has once again called for the resignation of Federal Reserve Chairman Jerome Powell. Taking to his social media platform, Truth Social, Trump stated, “It’s too late already — he must resign immediately.”

Trump had appointed Powell as the head of the U.S. central bank during his first term in office. However, their relationship soured after Powell refused to lower interest rates as Trump desired. Though Trump had earlier said in 2025 that he had no plans to fire Powell, his recent statements mark a return to publicly pressuring Powell to step down.

The core disagreement between Trump and Powell centers around interest rate policy. Trump believes the Federal Reserve should cut rates to stimulate economic growth. In contrast, Powell has argued that Trump’s trade policies, particularly tariffs, have created uncertainty in the economy — making it difficult for the Fed to justify rate cuts.

“If it weren’t for the economic impact of Trump’s tariff policies, the central bank would have already cut interest rates,” Powell said on Tuesday.