Trump again slams Powell, saying he should resign and be subject to congressional review

On July 9 (UTC+8), U.S. President Donald Trump stated in a recent interview that Federal Reserve Chairman Powell should resign immediately for "lying to Congress" and called on Congress to investigate him. Trump accused Powell of "always acting too late" during his tenure and satirized his sharp interest rate cuts before Biden's election, questioning his political motives. He said, "We need to replace him with someone who will actually lower interest rates." These remarks have once again heightened market concerns about the Fed's independence. (Source: X platform) [MetaEra]