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President Trump is fighting hard to remove Federal Reserve Chair Jerome Powell. He believes Powell is hurting the economy by keeping interest rates too high. Trump calls Powell “Too Late” because he thinks the Fed chief waits too long to act on inflation. This battle is causing big worries on Wall Street.
Powell won’t lower interest rates, and that’s making President Trump furious. Trump says Powell acts like a “baby” whining about inflation that doesn’t exist. The President wants rates cut now to boost the economy. He’s tired of waiting for Powell to do the right thing.
The Fed is spending $2.5 billion to fix up its headquarters. White House officials say that’s too much money and poorly managed. They accuse Powell of wasting taxpayer dollars on fancy upgrades. This expensive project is giving Trump another reason to push Powell out.
President Trump’s team is investigating the Fed’s building costs. They’re checking if Powell broke rules or mismaged funds. This probe is part of a full-court press to pressure him. They say he can’t be trusted with taxpayer money.
Powell claims the renovation isn’t luxurious. He told Congress there’s no VIP dining room, no beehives, no special marble. But conservatives aren’t buying it. They see a pattern of arrogance and waste at the Fed under his watch.
The real issue is interest rates. Trump installed loyalists to turn up the heat. They’re using the building scandal as leverage to force Powell out. The President wants a Fed chair who’ll cut rates now, not stall.
Deutsche Bank warns firing Powell could crash our currency and bonds. It might cause runaway inflation like in Turkey. But Trump supporters say keeping Powell is riskier. His stubbornness is already hurting American workers and businesses.
Jerome Powell has got to go for the sake of our economy. He ignores the President’s calls for lower rates. He wastes money on building projects. True patriots know we need a Fed leader who listens to the people, not elites. It’s time for new leadership at the Fed.
