Trump Calls for Powell's Removal Amid Interest Rate Controversy
Former U.S. President Donald Trump criticized Federal Reserve Chairman Jerome Powell, suggesting he should be dismissed. Trump alleged that the Federal Reserve manipulated interest rates to impact election outcomes. He also called for the removal of an official from the U.S. Bureau of Labor Statistics in a pointed Truth Social post.
Devdiscourse News Desk | Washington DC | Updated: 02-08-2025 00:06 IST | Created: 02-08-2025 00:06 IST
- Country:
- United States
In a recent post on Truth Social, former U.S. President Donald Trump called for the dismissal of Federal Reserve Chairman Jerome Powell, asserting that he should be "put out to pasture."
Trump accused the Federal Reserve of manipulating interest rates, which he claims was aimed at influencing election results in favor of his political opponents.
Additionally, Trump demanded the firing of Erika L. McEntarfer from the U.S. Bureau of Labor Statistics, intensifying his broadside against current economic policy and administrative figures.
(With inputs from agencies.)
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