Trump advisor urges Powell to resign

Kevin Hassett, Director of the U.S. National Economic Council, stated that Federal Reserve Chair Jerome Powell should resign to protect the Fed's independence, criticizing his extended tenure as unprecedented. The tension between Powell and President Trump escalated over interest rate decisions, with Trump publicly criticizing him and accusing him of partisanship. The Justice Department confirmed no criminal charges were filed related to Powell’s involvement in renovation cost overruns at the Fed headquarters.

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