Reported about 13 hours ago
In a recent interview, President Donald Trump stated he would welcome Federal Reserve Chair Jerome Powell's resignation, though he acknowledged concerns about market disruption should he take action. Trump has been critical of Powell for not cutting interest rates promptly and highlighted recent cost overruns in a renovation project at the Fed's headquarters as a point of contention. Despite Trump's comments, Powell has reaffirmed his intention to complete his term, which concludes in May 2026.
Source: YAHOO