Trump: Powell Should Resign If He Misled Congress

President Donald Trump called on Federal Reserve Chairman Jerome Powell to resign if he misled Congress during recent testimony.

During a Cabinet meeting Tuesday, Trump said he supported a Congressional investigation into Powell. Trump has repeatedly called on Powell to resign over his refusal to lower interest rates.

At a Senate Banking Committee hearing last week, Powell denied reports the Federal Reserve spent billions to turn the headquarters into the “Palace of Versailles,” as Sen. Tim Scott, R-S.C., described it.

Read more at Newsmax© 2025 Newsmax. All rights reserved.