Trump's Call for Federal Reserve Shake-Up: Powell Urged to Resign

Former U.S. President Donald Trump has intensified pressure on Federal Reserve Chairman Jerome Powell to step down, reiterating his call for an immediate resignation.

Despite Trump's initial appointment of Powell to lead the Fed during his tenure, he renews his demands amid Powell's continued leadership under President Joe Biden.

Powell, who was nominated for a second term as Fed chair by Biden, will see his term conclude in May 2026.

(With inputs from agencies.)