Jerome Powell, Trump and resignation letter
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Polymarket traders have raised the likelihood of Fed Chair Jerome Powell's departure after Rep. Luna's cryptic post and top officials' statements.
It is well known that Donald Trump hates Jerome Powell, the chairman of the US Central Bank. According to Trump, Powell is an “idiot” and he should have started reducing interest rates
The director of the Federal Housing Finance Agency has made the removal of the Fed chair his personal mission.
Fed Chair Powell faces resignation rumors amid White House accusations he misled Congress about the US Fed's $2.5 billion HQ renovation and resisted rate cuts.
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LARRY KUDLOW: Can Jay Powell make it through the weekend?
There are any number of rumors that Jay Powell is being forced to resign. President Donald Trump, of course, is on his case daily for not dropping interest rates in line with low inflation.