United States President Donald Trump has intensified calls for Federal Reserve Chair Jerome Powell to resign, citing disagreements over interest rate policies and urging Congress to investigate Powell for alleged bias. Trump’s demands come amid concerns about the central bank’s independence, with Powell advocating a cautious approach to rate cuts due to the potential inflationary impact of Trump’s tariffs.
Explain It To Me Like I’m 5:
Trump Wants Fed Chair to Leave
President Trump keeps asking Jerome Powell, the head of the Federal Reserve, to quit his job because they disagree about how to handle interest rates, which can affect how much money people can borrow.
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