President Trump Calls for Jerome Powell to Resign IMMEDIATELY

President Trump just called for “Too Late” Federal Reserve Chair Jerome Powell’s immediate resignation.

He posted on Truth Social:

In his post, President Trump also linked to a Bloomberg article detailing some serious accusations from Federal Housing Finance Agency Director Bill Pulte.

Pulte claims Powell should be investigating for lying before Congress last week.

The Hill summed up the allegations:

Pulte said Powell lied to members of the panel when answering questions about renovations to the Fed’s Washington, D.C., headquarters.

When pressed by senators on the Fed’s alleged $2.5 billion renovation plan, Powell said some of the more fanciful inclusions were part of older plans and have since been scrapped. Other costs, such as repairing elevators that go directly to board members’ offices and marble fixtures, were basic upkeep of features that have always been in the building, he said.

Pulte, however, accused Powell of deliberately misleading senators with “deceptive” testimony and argued his statements were enough to qualify as adequate cause to fire him.

President Trump’s renewed call for Powell’s resignation also comes after the Fed Chair took a nasty swipe at President Trump yesterday.

On Tuesday, Powell said that he would have lowered interest rates if not for President Trump’s tariffs.

CBS News reporter Scott MacFarlane noted:

At event today, Federal Reserve chair Jerome Powell said the Fed likely would've lowered interest rates (as Trump has sought) if not for the Trump tariffs

Powell: "We went on hold when we saw the size of the tariffs. … All inflation forecasts for the U.S. went up materially as…

— Scott MacFarlane (@MacFarlaneNews) July 1, 2025

Keep in mind that President Trump inherited high inflation, unemployment, and a terrible economy from the Biden administration. Powell last cut interest rates in September, when inflation was higher than it is now, in order to help Kamala Harris.

Yet, since President Trump took office, Jerome Powell has repeatedly refused to cut interest rates in order to deliver some much-needed stimulation to the economy.

Now, he’s blaming tariffs, when really, it’s just part of a political game.

On Monday, Karoline Leavitt read out-loud a message from President Trump to Jerome Powell:

.@PressSec @karolineleavitt reads a message from @POTUS to Jerome Powell: "Jerome, you are, as usual, too late. You have cost the USA a fortune and continue to do so…You should lower the rate by a lot! Hundreds of billions of dollars are being lost. No inflation." pic.twitter.com/xrhW8uWn1P

— Real America's Voice (RAV) (@RealAmVoice) June 30, 2025

While Powell’s term is set to end in 2026, President Trump says he already has several choices lined up to replace him.

Some reports say that President Trump could announce a replacement this Fall.

Per Reuters:

U.S. President Donald Trump said on Tuesday he has two or three top choices to replace Jerome Powell as Federal Reserve chair.

Powell, whose term ends in May 2026, was nominated by Trump to lead the U.S. central bank during his first administration.

When asked abroad Air Force One whether he has a top choice to succeed Powell, Trump told reporters, “I have two or three top choices,” but declined to provide further information.

The Wall Street Journal reported last week that Trump is considering former Fed governor Kevin Warsh and National Economic Council director Kevin Hassett as replacements. Treasury Secretary Scott Bessent is also being pitched as a potential candidate, according to the newspaper, which also listed former World Bank President David Malpass and Fed governor Christopher Waller as potential nominees.

According to the Journal, Trump has toyed with the idea of selecting and announcing a replacement as early as September or October.